HAR Report: Active listings were 30.4 percent above last August’s level, driving months of inventory up from 4.4 to a 5.4-months supply of unsold homes. This is higher than the current national supply of 4.6-months, according to the National Association of Realtors. Properties spent a bit longer on the market, with Days on Market rising from 47 to 52.
Broken out by housing segments, single-family home sales in the Greater Houston area performed as follows:
$1 - $99,999: increased 20.7 percent
$100,000 - $149,999: increased 12.7 percent
$150,000 - $249,999: increased 21.2 percent
$250,000 - $499,999: increased 6.4 percent
$500,000 - $999,999: increased 14.8 percent
$1M and above: increased 12.9 percent
HAR also breaks out sales figures for existing single-family homes, which rose 9.7 percent in August compared to last year. There were 5,653 closings compared to 5,153 the prior year. The average price climbed 2.5 percent year-over-year to $437,981, while the median price increased 1.8 percent to $340,000.
HAR will publish its August 2025 Rental Market Update on Wednesday, September 17.