HAR Report: Active listings for single-family homes reached 40,112, which is up 38.2 percent compared to last July. Months of inventory grew from 4.2 months to a 5.5-months supply this year, which marks the highest level since June 2012. That figure exceeds the current national inventory of 4.7 months, as reported by the National Association of Realtors. Days on Market increased from 45 to 50 days.
Broken out by housing segment, single-family home sales in the Greater Houston area performed as follows:
$1 - $99,999: increased 26.3 percent
$100,000 - $149,999: increased 39.1 percent
$150,000 - $249,999: increased 25.5 percent
$250,000 - $499,999: increased 6.0 percent
$500,000 - $999,999: increased 0.5 percent
$1M and above: increased 7.5 percent
HAR also breaks out sales figures for existing single-family homes. In July, existing home sales increased 8.8 percent year-over-year, with 5,963 closings compared to 5,479 a year earlier. The average sales price declined 2.4 percent to $446,483, while the median price was down 2.6 percent to $341,000.
HAR will publish its July 2025 Rental Market Update on Wednesday, August 20.