HAR Report: “The increase in contract activity tells us prospective buyers remain confident in our local housing market,” said HAR Chair Theresa Hill with Compass RE Texas, LLC - Houston. “People are continuing to make moves for life reasons, and many are finding that today's market offers more flexibility and more choices than we've seen in recent years.”
The luxury segment delivered the strongest performance of any housing category in May. Sales of homes priced at $1 million and above surged 10.1% year over year, helping push the average price up 2.3% to $447,301—its highest level since June 2025. The median home price was essentially unchanged at $340,000.