Houston housing market

HAR Report: Growing inventory provided more opportunities for prospective buyers in May. There were 37,455 active listings of single-family homes, which is an increase of 35.0 percent year-over-year. This is the highest volume of active listings since September 2007.
 

“With more homes to choose from and prices becoming a bit more favorable, people are definitely feeling more confident and getting back out there,” said HAR Chair Shae Cottar with LPT Realty. “This shift signals to sellers that motivated buyers are engaged and eager to take advantage of the current market conditions. We anticipate this momentum will carry us into the summer months.”
 

The rental market also experienced increased demand in May. HAR will publish its May 2025 Rental Home Update on Wednesday, June 18.

Houston housing Market

HAR Report: According to Freddie Mac's Primary Mortgage Market Survey, the average 30-year mortgage rate decreased from 7.06 percent in May 2024 to 6.82 percent in May 2025. When combined with the dip in median price, buyers' typical monthly principal and interest mortgage payment fell from $1,839.34 in May 2024 (assuming a 20 percent down payment) to $1,773.13 as of May 2025, resulting in $66.31 savings per month or $794.36 annually.
 

Growing inventory provided more opportunities for prospective buyers in May. There were 37,455 active listings of single-family homes, which is an increase of 35.0 percent year-over-year. This is the highest volume of active listings since September 2007.
 

“With more homes to choose from and prices becoming a bit more favorable, people are definitely feeling more confident and getting back out there,” said HAR Chair Shae Cottar with LPT Realty. “This shift signals to sellers that motivated buyers are engaged and eager to take advantage of the current market conditions. We anticipate this momentum will carry us into the summer months.”
 

The rental market also experienced increased demand in May. HAR will publish its May 2025 Rental Home Update on Wednesday, June 18.

Houston housing market

HOUSTON — (June 11, 2025) HAR Report— Houston-area homebuyers are springing into action as expanding inventory and easing home prices create new opportunities across the region. This activity is a clear indicator of the ongoing shift toward a buyer's market.
 

Houston's single-family home sales recorded their largest year-to-date increase in May. According to the Houston Association of Realtors' May 2025 Housing Market Update, sales rose 6.8 percent year-over-year, with 9,058 homes sold compared to 8,483 during the same time last year.
 

Homebuyers experienced a welcome reduction in housing costs due to lower mortgage rates and a slight decline in home prices. The average sales price declined by 0.7 percent to $438,230. The median price was down 1.2 percent to $339,425. 

Houston housing market Highlights

Houston Real Estate Highlights in April-HAR Report

  • Single-family home sales decreased 1.1% year-over-year;

  • Days on Market (DOM) for single-family homes went from 50 to 54 days;

  • Total property sales declined by 3.5% with 9,283 units sold;

  • Total dollar volume was down 2.0% to $3.9 billion;

  • The single-family median price was statistically unchanged at $339,990;

  • The single-family average price was statistically flat at $437,407; 

  • Single-family home months of inventory registered a 4.9-months supply, up from 3.6 months last April.

  • Townhome and condominium sales declined 15.2% year-over-year. The median price was down 6.5% percent to $215,000, and the average price slid 4.0% to $267,507.

Houston housing market

HAR Report: Broken out by housing segment, home sales in the Houston area performed as follows:

  • $1 - $99,999: increased 14.9 percent

  • $100,000 - $149,999: decreased 14.2 percent

  • $150,000 - $249,999: increased 3.0 percent

  • $250,000 - $499,999: decreased 0.8 percent

  • $500,000 - $999,999: decreased 4.3 percent

  • $1M and above: increased 1.6 percent

 

In April, existing home sales were statistically flat with 5,598 transactions compared to 5,616 last year. The average price rose 2.0 percent to $450,755, and the median sales price was statistically unchanged at $336,063.

Houston single family for sale/rent

Single-Family Homes Update-HAR Report

In April, single-family home sales were in line with last year’s figures. Closings in the Greater Houston area declined slightly, by 1.1 percent, with 7,856 homes sold versus 7,940 in 2024. Pending sales, which were up 13.6 percent year-over-year, indicate that the remaining weeks of the spring homebuying season will likely continue to be active.

 

Home prices were virtually unchanged compared to last April. The average home price was $437,407 while the median price was $339,990. The price per square foot held steady at $180. 

 

There were 34,989 active listings of single-family homes in April, which is up 37.0 percent year-over-year. It is the highest volume of active listings since August 2010 when there were 35,437 units.

 

Days on Market, or the actual time it took to sell a home, climbed from 50 to 54 days. Months of inventory increased from 3.6 last year to 4.9 months, which is the highest since August 2012. This figure tops the national inventory level of 4.0 months reported by the National Association of Realtors. 

Houston housing market Comparison

April Monthly Market Comparison-HAR Report

The overall real estate market in Houston trailed last year’s volume. In April, total property sales were 3.5 percent below where they were during the same time in 2024. Total dollar volume declined 2.0 percent to $3.9 billion. Inventory continued to expand with 54,978 available properties, which is up 30.3 percent compared to last April.

 

Houston housing market

HAR Report: “While national housing market trends may be showing signs of increased volatility due to economic uncertainty, the Houston area remains on solid footing,” said HAR Chair Shae Cottar with LPT Realty. “The consistent pricing and growth in inventory offer a balanced perspective. For buyers, this typically means less competition and more opportunities to find a home that meets their specific needs and budget. For sellers, it emphasizes the importance of competitive pricing and effective marketing to stand out.”

 

HAR will publish its April 2025 Rental Home Update on Wednesday, May 21.

Houston housing market

HOUSTON — (May 14, 2025) /HAR Report— The Greater Houston housing market remained solid and steady in April, with home prices and sales on pace with last year’s figures. This consistent performance reinforces the market's continued stability.

 

According to the Houston Association of Realtors’ April 2025 Housing Market Update, single-family home sales across the Greater Houston area experienced a marginal decrease of 1.1 percent compared to April 2024. A total of 7,856 single-family homes were sold, slightly below the 7,940 closings recorded during the same time last year. 

 

The average home price in April was statistically flat at $437,407. The median price stood at $339,990, showing minimal fluctuation from the previous year.