Houston Real Estate Highlights

Houston Real Estate Highlights in May-HAR Report
 

• Single-family home sales increased 6.8% year-over-year;

• Days on Market (DOM) for single-family homes went from 46 to 50 days;

• The single-family median price declined 1.2% to $339,425;

• The single-family average price was down 0.7% to $438,230; 

• Single-family home months of inventory expanded to a 5.2-months supply, up from 3.9 months last May.

• Townhome and condominium sales declined 12.9% year-over-year. The median price declined 8.3% to $221,500, and the average price fell 5.5% to $265,903.

• Total property sales increased 4.6% with 10,565 units sold;

• Total dollar volume rose 5.6% to $4.5 billion.

Townhouse/Condominium for sale/rent in Houston

Townhome/Condominium Update-HAR Report

 

Houston’s townhome and condominium market experienced a continued slowdown in May, marking the fourth consecutive month of declining sales. A total of 485 units were sold, which is a 12.9 percent decrease from the 557 units sold last May. The average price declined 5.5 percent to $265,903, while the median price dropped 8.3 percent to $221,500.

 

Townhome and condominium listings increased to 3,311, resulting in a 7.8-month supply of inventory. This is a significant jump compared to the 4.6-month supply reported last year at this time. Inventory levels reached their highest point since September 2011, when the supply stood at 8.0 months.

 

Houston housing market

HAR Report: Active listings for single-family homes reached 37,455 in May, which is up 35.0 percent compared to last May. This volume represents the highest level of active listings since September 2007, when 37,500 units were on the market.

 

Months of inventory also rose, climbing from 3.9 months last May to a 5.2-months supply—a level last reached in July 2012. This figure surpasses the national average of 4.4 months as reported by the National Association of Realtors. 

 

Days on Market, or the actual time it took to sell a home, also increased from 46 to 50 days.

 

Broken out by housing segment, home sales in the Houston area performed as follows:

  • $1 - $99,999: increased 23.8 percent

  • $100,000 - $149,999: increased 18.6 percent

  • $150,000 - $249,999: increased 12.0 percent

  • $250,000 - $499,999: increased 5.7 percent

  • $500,000 - $999,999: increased 0.2 percent

  • $1M and above: increased 6.3 percent

Houston market comparison

May Monthly Market Comparison-HAR Report
 

May marked a turnaround for the Houston real estate market. Overall property sales were 4.6 percent above last year’s volume, snapping a three-month streak of declining sales. This growth was accompanied by a 5.6 percent increase in total dollar volume, which reached $4.5 billion. 

 

Inventory continued to grow, with 58,005 available properties, which is a 29.4 percent increase compared to last May

Houston housing market

HAR Report: Growing inventory provided more opportunities for prospective buyers in May. There were 37,455 active listings of single-family homes, which is an increase of 35.0 percent year-over-year. This is the highest volume of active listings since September 2007.
 

“With more homes to choose from and prices becoming a bit more favorable, people are definitely feeling more confident and getting back out there,” said HAR Chair Shae Cottar with LPT Realty. “This shift signals to sellers that motivated buyers are engaged and eager to take advantage of the current market conditions. We anticipate this momentum will carry us into the summer months.”
 

The rental market also experienced increased demand in May. HAR will publish its May 2025 Rental Home Update on Wednesday, June 18.

Houston housing Market

HAR Report: According to Freddie Mac's Primary Mortgage Market Survey, the average 30-year mortgage rate decreased from 7.06 percent in May 2024 to 6.82 percent in May 2025. When combined with the dip in median price, buyers' typical monthly principal and interest mortgage payment fell from $1,839.34 in May 2024 (assuming a 20 percent down payment) to $1,773.13 as of May 2025, resulting in $66.31 savings per month or $794.36 annually.
 

Growing inventory provided more opportunities for prospective buyers in May. There were 37,455 active listings of single-family homes, which is an increase of 35.0 percent year-over-year. This is the highest volume of active listings since September 2007.
 

“With more homes to choose from and prices becoming a bit more favorable, people are definitely feeling more confident and getting back out there,” said HAR Chair Shae Cottar with LPT Realty. “This shift signals to sellers that motivated buyers are engaged and eager to take advantage of the current market conditions. We anticipate this momentum will carry us into the summer months.”
 

The rental market also experienced increased demand in May. HAR will publish its May 2025 Rental Home Update on Wednesday, June 18.

Houston housing market

HOUSTON — (June 11, 2025) HAR Report— Houston-area homebuyers are springing into action as expanding inventory and easing home prices create new opportunities across the region. This activity is a clear indicator of the ongoing shift toward a buyer's market.
 

Houston's single-family home sales recorded their largest year-to-date increase in May. According to the Houston Association of Realtors' May 2025 Housing Market Update, sales rose 6.8 percent year-over-year, with 9,058 homes sold compared to 8,483 during the same time last year.
 

Homebuyers experienced a welcome reduction in housing costs due to lower mortgage rates and a slight decline in home prices. The average sales price declined by 0.7 percent to $438,230. The median price was down 1.2 percent to $339,425. 

Houston housing market Highlights

Houston Real Estate Highlights in April-HAR Report

  • Single-family home sales decreased 1.1% year-over-year;

  • Days on Market (DOM) for single-family homes went from 50 to 54 days;

  • Total property sales declined by 3.5% with 9,283 units sold;

  • Total dollar volume was down 2.0% to $3.9 billion;

  • The single-family median price was statistically unchanged at $339,990;

  • The single-family average price was statistically flat at $437,407; 

  • Single-family home months of inventory registered a 4.9-months supply, up from 3.6 months last April.

  • Townhome and condominium sales declined 15.2% year-over-year. The median price was down 6.5% percent to $215,000, and the average price slid 4.0% to $267,507.