HOUSTON — (March 12, 2025) HAR Report— The Greater Houston housing market cooled in February, with sales moderating as more homes were listed for sale. Economic conditions, including elevated mortgage rates and inflation concerns, are impacting buyer sentiment and contributing to this move toward a more balanced market.
According to the Houston Association of Realtors’ February 2025 Housing Market Update, single-family home sales across the Greater Houston area declined 3.0 percent year-over-year, with 6,050 units sold compared to 6,234 last February. It marks the first decline in sales since August 2024. The number of available homes in the Houston area hit the highest level since 2011, with 31,112 active listings in February.
The median home price declined 1.2 percent to $325,000, which is the first notable decline since November 2023. The average price increased slightly to $407,538. This was largely due to continued activity at the high end of the market, which is less susceptible to interest rate changes.