News
Townhome/Condominium Update-HAR Report
Demand for townhomes and condominiums cooled for the second consecutive month. Sales declined 8.3 percent year-over-year, with 341 units sold compared to 372 in November of last year. Despite the slowdown in sales activity, prices continued to rise, as the average price increased 10.7 percent to $268,628, while the median price rose 2.4 percent to $230,000.
HAR Report: Affordability improved year-over-year for buyers with the average mortgage rate dipping from 6.81 percent in 2024 to 6.24 percent in November 2025, as reported by Freddie Mac’s Primary Mortgage Market Survey. When coupled with an assumed 20 percent down payment, the monthly mortgage payment for principal and interest of the median-priced home dropped from $1,722.84 to $1,599.17 – a savings of $123.67 monthly or $1,484.04 per year.
Active listings of single-family homes totaled 36,620 in November, up 21.0 percent from last year and the lowest level since April, when 34,362 homes were on the market. Housing supply also reached its lowest point since April, expanding to 5.0 months of inventory compared to 4.3 months a year earlier. For context, the national average currently stands at 4.4 months, according to the National Association of Realtors.
Homes spent an average of 60 days on the market in November, up from 53 days during the same period last year.
Broken out by housing segments, single-family home sales performed as follows:
$1 - $99,999: decreased 2.2 percent (89 transactions)
$100,000 - $149,999: increased 10.6 percent (146 transactions)
$150,000 - $249,999: increased 3.6 percent (1,240 transactions)
$250,000 - $499,999: decreased 6.4 percent (3,561 transactions)
$500,000 - $999,999: decreased 7.3 percent (1,009 transactions)
$1M and above: increased 23.4 percent (301 transactions)
HAR also breaks out sales figures for existing single-family homes. In November, sales declined by 0.8 percent year-over-year, with 4,131 closings compared to 4,164 a year ago. The average sales price was statistically unchanged at $439,743, while the median price was essentially flat at $325,000.
HAR will publish its November 2025 Rental Market Update on Wednesday, December 17.
Single-Family Homes Update-HAR Report
In November, single-family home sales declined year-over-year for the first time since April, while buyer interest remained steady. A total of 6,347 single-family homes sold versus 6,499 a year ago, which represents a decrease of 2.3 percent.
Housing Market Overview-HAR Report
Sales of all property types across the Greater Houston area declined 2.7 percent year-over-year in November, with 7,475 properties sold. While multi-family properties and country homes saw stronger sales than last year, activity slowed across all other property types. Total dollar volume edged down by 0.8 percent to $3.1 billion.
Inventory levels continued to rise, with active listings increasing 19.4 percent from last year with 57,961 available properties.
HAR Report: Reflecting shifting market conditions, the average list-to-sale price ratio declined to 92.2 percent in November, down from October and the lowest level since HAR began tracking the metric in 2001.
“Houston’s housing market is setting into a balanced pace,” said HAR Chair Shae Cottar with LPT Realty. “Buyers now have more time, more options and a little more breathing room to negotiate. Sellers are still attracting offers, but realistic pricing and expectations make all the difference.”
HOUSTON — (December 10, 2025/HAR Report)— This November, Houston’s housing market gave buyers and sellers something to be thankful for as conditions continued to move toward balance.
According to the Houston Association of Realtors' November 2025 Housing Market Update, single-family home sales dipped year-over-year for the first time since April. A total of 6,347 homes were sold in November, a slight decrease from 6,499 during the same time last year. Pending sales rose 7.2 percent year-over-year, signaling continued demand and ongoing market activity heading into the end of the year.
Home prices continued to slightly moderate in November. The median home price declined 1.5 percent to $325,000, while the average price edged up 0.8 percent to $422,552, driven by more activity in the luxury market.
The luxury segment – comprised of homes priced at $1 million and above and representing just 4.7 percent of all homes on the market – was the top performing sector, with transactions up 23.4 percent year-over-year. Sales activity slowed for homes in the $250,000 to $999,999 price range, which represented 72 percent of all home sales in November, as well as at the lower end of the market.
Houston Real Estate Highlights in September-HAR Report
Single-family home sales increased 5.3% year-over-year.
Days on Market (DOM) for single-family homes went from 52 to 55 days.
The single-family median price declined 2.1% to $327,000.
The single-family average price rose 2.0% to $421,655.
Single-family home months of inventory expanded to a 5.2-months supply, up from 4.3 months last September.
Townhome and condominium sales increased 4.0% with 414 units sold. The median price declined 4.4% to $230,000, and the average price was down 4.9% to $273,890.
Total property sales increased 5.0% with 8,686 units sold.
Total dollar volume rose 6.8% to $3.5 billion.
Townhome/Condominium Update-HAR Report
Demand for townhomes and condominiums strengthened across the Houston area in September. Sales increased 4.0 percent year-over-year, with a total of 414 units sold compared to 398 a year earlier. Prices showed some moderation. The average price declined 4.9 percent to $273,890, while the median price was down 4.4 percent to $230,000.
HAR Report: Active listings were 28.5 percent above last year’s level with 38,552 single-family homes available. That figure was down slightly from August’s 39,625 active listings. Months of inventory expanded from 4.3 months to a 5.2-months supply. The national supply stands at 4.6 months, as reported by the National Association of Realtors. Homes spent an average of 55 days on the market, up from 52 days a year earlier.
Broken out by housing segments, single-family home sales in the Greater Houston area performed as follows:
$1 - $99,999: increased 20.2 percent (107 transactions)
$100,000 - $149,999: increased 35.9 percent (178 transactions)
$150,000 - $249,999: increased 25.1 percent (1,484 transactions)
$250,000 - $499,999: decreased 1.3 percent (4,113 transactions)
$500,000 - $999,999: increased 3.7 percent (1,182 transactions)
$1M and above: increased 27.3 percent (331 transactions)
HAR also breaks out sales figures for existing single-family homes. In September, existing home sales increased 8.4 percent year-over-year, with 5,157 closings compared to 4,759 a year earlier. The average sales price was 1.2 percent above last year’s level to $434,349, while the median price was down 2.8 percent to $325,000.
HAR will publish its September 2025 Rental Market Update on Wednesday, October 15.
HAR Report: Based on declining average monthly 30-year fixed-rate conventional mortgage rates as reported by Freddy Mac, when combined with the slip in median price, monthly principal and interest payments (P&I) necessary to buy the median priced home (assuming 20 percent down) totaled $1,627.77. Thus, the typical September P&I payment was $143.87, $180.05, $120.60, and $82.07 less than May, June, July and August this year, respectively.
The median home price declined 2.1 percent to $327,000, while the average price rose 2.0 percent to $421,655. The average price per square foot was $175, slightly below the $177 recorded in September 2024. The average list-to-sale price ratio edged down to 93.0 percent, which is the lowest since January 2023.
