HAR Report: The luxury segment ($1 million+) had the strongest performance with a 26.9 percent increase in transactions compared to the same time last year. The segment with homes priced up to $100,000, which makes up 1.0 percent of the market, saw a 14.0 percent decline in transactions. All other housing segments experienced an increase in sales in March.
“Lower mortgage rates are giving Houston homebuyers a sense of optimism, but many are still proceeding with caution,” said HAR Chair Shae Cottar with LPT Realty. “It’s important to acknowledge that current economic headwinds, including the impact of new tariffs, are putting downward pressure on interest rates. These lower rates, coupled with growing inventory and moderating home prices, create an opportunity for both buyers and sellers. Your Realtor is your trusted advisor and will help you navigate the housing market.”
HAR will publish its March 2025 Rental Home Update on Wednesday, April 16.