HAR Report: “September was a rather lackluster month on the sale side of Houston real estate, and with the holidays approaching, we probably won’t see much improvement as this is traditionally a slow time of year for our industry,” said HAR Chair Cathy Treviño with LPT, Realty. “Rental homes continue to draw strong interest from consumers and it will be interesting to see if that flourishes throughout the holiday season as would-be buyers remain skittish over mortgage rates.”
Single-family home prices continue to moderate. The average price edged up just 0.8 percent to $416,664 while the median price fell 2.2 percent to $333,000. Those figures are well below the record highs of $438,350 (average) in May 2022 and $354,000 (median) in June 2022.