HAR Report: “Following two years of declining sales, 2024 brought a welcomed balance to the Houston housing market,” said HAR Chair Shae Cottar with LPT Realty. “While higher mortgage rates presented financial challenges for some consumers, the Houston market weathered these rate fluctuations better than many other regions across the country. I believe that the strong sales activity and expansive inventory we experienced in 2024 bodes well for home buyers and sellers in 2025.”
Houston’s rental market had a robust performance in 2024 as many prospective homebuyers waited to see if mortgage rates would stabilize. HAR will report on rental trends in the December 2024 Rental Market Update, which will be released on Wednesday, January 15.