HAR Report: The luxury segment, comprised of homes $1 million+, experienced a boost in June, with sales 40.6 percent above where they were last year. All other housing segments also saw increased buying activity.
“Although the average home price hit a record high in June, it’s important to remember that the median price is a more reliable gauge of market conditions,” said HAR Chair Shae Cottar with LPT Realty. “The fact that the median price was virtually unchanged indicates that prices are holding steady overall. With inventory at record highs and buyer demand on the rise, Houston’s housing market is showing healthy signs of balance.”
"While the U.S. housing market has struggled to return to pre-pandemic levels, Houston’s housing sales have trended normal for the past two years, driven by a strong local economy," said HAR Chief Economist Dr. Ted C. Jones. "Home prices, however, are softening
slightly due to the lowest affordability in 40 years and an inventory trending towards the favor of buyers."
HAR will publish its June 2025 Rental Home Update on Wednesday, July 16.