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HAR Report: Sales slowed in the $250,000 to $499,999 price range, which accounted for more than half of all homes sold in February. All other price segments posted sales growth.
“The Houston market continues to show signs of balance,” said HAR Chair Theresa Hill with Compass RE Texas, LLC - Houston. “Buyer interest remains strong, and the increase in showings and pending sales tells us the spring market is already beginning to take shape.”
HAR Report: Home prices hit their lowest level in two years. The average home price rose 2.0% to $415,091, while the median price declined 0.9% to $322,078. At the same time, 30-year residential mortgage rates fell to the lowest level in more than 40 months, with the two combining for lower year-over-year mortgage payments in 16 of the past 19 months, resulting in improved affordability. Compared to a year ago, Houston single-family homebuyers in February 2026 had a monthly principal and interest payment that was $149 less than February 2025 – an annual savings of $1,786 assuming a 20% down payment on the median-priced home.
Homes also spent more time on the market. The average Days on Market reached 69 days, which is the highest level since March 2013 when it was 74 days.
HOUSTON — HAR Report (March 11, 2026) — The Houston housing market is gaining momentum as we approach the spring homebuying season. In February, there was a slight dip in home sales while inventory and buyer activity increased in the region.
According to the Houston Association of Realtors' February 2026 Housing Market Update, single-family home sales declined 2.2% year over year, with 5,918 homes sold compared to 6,050 last year. Despite the slight dip in closings, pending sales rose 13.0%, signaling continued buyer interest enhanced by falling interest rates now for eight consecutive months.
Houston Real Estate Highlights in January-HAR Report
Single-family home sales declined 1.0% year-over-year.
Days on Market (DOM) for single-family homes went from 61 to 66 days.
The single-family median price declined 0.9% to $322,045.
The single-family average price rose 2.8% to $416,722.
Single-family home months of inventory expanded to a 4.7-months supply, up from 4.2 months a year ago.
Townhome and condominium sales were down 25.9% with 269 units sold. The median price declined 11.9% to $185,000, and the average price was down 8.6% to $226,343.
Total property sales declined 2.2% with 6,045 units sold.
Total dollar volume was down 1.6% to $2.4 billion.
Townhome/Condominium Update-HAR Report
It was a slow start to the new year for the townhome and condominium market. Sales declined 25.9 percent year-over-year, with 269 units sold compared to 363 last January. The average price fell 8.6 percent to $226,343, while the median price declined 11.9 percent to $185,000, the lowest level since February 2021.
Inventory levels continued to expand, reaching a 7.6-months supply, up from 5.5 months a year earlier.
HAR Report: Active listings of single-family homes rose 16.6 percent from a year earlier to 34,570 available properties. Housing supply expanded to 4.7 months of inventory, up from 4.2 months in January 2025. The National Association of Realtors reports a national average of 3.3 months.
Broken out by housing segments, single-family home sales performed as follows:
$1 - $99,999: increased 7.1 percent (75 transactions)
$100,000 - $149,999: increased 6.6 percent (129 transactions)
$150,000 - $249,999: increased 4.7 percent (1,029 transactions)
$250,000 - $499,999: decreased 5.1 percent (2,761 transactions)
$500,000 - $999,999: decreased 0.5 percent (795 transactions)
$1M and above: increased 15.5 percent (209 transactions)
HAR also breaks out sales figures for existing single-family homes. In January, sales were flat, with 3,422 closings compared to 3,433 a year ago. The average sales price rose 3.8 percent to $428,152, while the median price was unchanged at $320,000.
HAR will publish its January 2026 Rental Market Update on Wednesday, February 18.
HAR Report: Good news was continued improvement in affordability due to year-over-year dips in mortgage rates and median prices. The monthly mortgage principal and interest payment in January 2026 was $1,561.26, assuming a 20 percent down payment on a median-priced home based on monthly interest rates as reported by Freddie Mac. In comparison, the January 2025 payment was $1,722.81. As a result, homebuyers of a median priced-home in January 2026 paid $161.55 less monthly or almost $2,000 ($1,938.56) on an annualized basis. Houston housing affordability has improved in 15 of the past 18 months.
Active listings of single-family homes rose 16.6 percent from a year earlier to 34,570 available properties. Housing supply expanded to 4.7 months of inventory, up from 4.2 months in January 2025. The National Association of Realtors reports a national average of 3.3 months.
HAR Report: The median price declined 0.9 percent to $322,045, while the average price increased 2.8 percent to $416,722. The average price per square foot slid to $171, the lowest level since January 2024, when it stood at $169.
Single-Family Homes Update-HAR Report
Demand for single-family homes was relatively consistent in January, with sales 1.0 percent below last year’s level. Buyers purchased 4,999 homes during the month, down from 5,047 a year earlier.
Housing Market Overview-HAR Report
Sales of all property types across the Greater Houston area declined 2.2 percent year-over-year in January, with 6,045 properties sold. While there were more transactions of country homes and lots compared to last year, activity slowed across all other property types. Total dollar volume slid 1.6 percent to $2.4 billion.
The number of active listings of all properties was 15.7 percent above the 2025 level, with 54,589 available properties.
