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Single-Family Homes Update-HAR Report
May was a strong month for the Greater Houston housing market, as sales rose by 6.8 percent compared to the same period last year. A total of 9,058 homes were sold versus 8,483 a year ago. This positive momentum was mirrored in pending sales, which increased by 19.8 percent year-over-year.
May Monthly Market Comparison-HAR Report
May marked a turnaround for the Houston real estate market. Overall property sales were 4.6 percent above last year’s volume, snapping a three-month streak of declining sales. This growth was accompanied by a 5.6 percent increase in total dollar volume, which reached $4.5 billion.
Inventory continued to grow, with 58,005 available properties, which is a 29.4 percent increase compared to last May
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.
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 — (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 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.
Townhome/Condominium Update-HAR Report
Townhome and condominium sales were below 2024’s volume for the third consecutive month. Transactions were 15.2 percent below last year’s level with 451 units sold versus 532 last April. The average price was down 4.0 percent to $267,507, and the median price slid 6.5 percent to $215,000.
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.
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.
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.
