News
Townhome/Condominium Update-HAR Report
Houston’s townhome and condominium market continued to experience a decline in demand, with sales falling for the fifth month in a row. A total of 483 units were sold compared to 505 a year earlier, which is a 4.4 percent year-over-year decline. The average price was down 3.3 percent to $261,702, and the median price dropped 4.6 percent to $230,000.
HAR Report: The supply of single-family homes reached a historic high in June, with active listings of single-family homes climbing to 38,713. That is up 31.8 percent from the same time last year, and it marks the highest level of active listings ever recorded by HAR.
Months of inventory expanded from 4.2 months last June to a 5.4-months supply—a level not seen since June 2012. This tops the current national inventory level of 4.6 months, according to the National Association of Realtors. Days on Market inched up from 47 to 49 days.
Broken out by housing segment, single-family home sales in the Greater Houston area performed as follows:
$1 - $99,999: increased 24.0 percent
$100,000 - $149,999: increased 0.6 percent
$150,000 - $249,999: increased 3.4 percent
$250,000 - $499,999: increased 10.6 percent
$500,000 - $999,999: increased 14.2 percent
$1M and above: increased 40.6 percent
In June, existing home sales climbed 15.4 percent with 6,159 closings compared to 5,339 last year. The average price rose 5.4 percent to $470,784, which tops the previous record hit in May of $457,557. The median sales price also reached a record high in June of $352,000, which is an increase of 0.9 percent year-over-year.
HAR Report: The median home price was statistically flat at $346,651. A surge in luxury home sales drove the average price to a record high of $450,235. The price per square foot increased from $179 to $181, which is the highest since May 2024.
According to Freddie Mac's Primary Mortgage Market Survey, the average 30-year mortgage rate decreased from 6.92 percent in June 2024 to 6.82 percent in June 2025. When combined with the median home price, the typical monthly principal and interest mortgage payment essentially remained flat, dipping slightly from $1,826 in June 2024 (assuming a 20 percent down payment) to $1,811 as of June 2025.
Single-Family Homes Update-HAR Report
Buyer demand remained strong across the Houston region in June. Single-family home sales climbed 12.5 percent year-over-year, which is the largest gain since last December. A total of 8,588 homes were sold compared to 7,637 last June. Pending sales reflected the market’s strength, rising 10.1 percent above where they were in June 2024
June Monthly Market Comparison-HAR Report
The Greater Houston housing market saw continued growth for the second month in a row. Total home sales rose 10.4 percent above where they were last June. This increase in sales volume was matched by a rise in total dollar volume, which was up 16.4 percent to $4.3 billion.
Active listings, or the total number of available properties, maintained their upward trend in June, climbing 27.2 percent above last year’s level.
HAR Report: The luxury segment, comprised of homes $1 million+, experienced a boost in June, with sales 40.6 percent above where they were last year. All other housing segments also saw increased buying activity.
“Although the average home price hit a record high in June, it’s important to remember that the median price is a more reliable gauge of market conditions,” said HAR Chair Shae Cottar with LPT Realty. “The fact that the median price was virtually unchanged indicates that prices are holding steady overall. With inventory at record highs and buyer demand on the rise, Houston’s housing market is showing healthy signs of balance.”
"While the U.S. housing market has struggled to return to pre-pandemic levels, Houston’s housing sales have trended normal for the past two years, driven by a strong local economy," said HAR Chief Economist Dr. Ted C. Jones. "Home prices, however, are softening
slightly due to the lowest affordability in 40 years and an inventory trending towards the favor of buyers."
HAR will publish its June 2025 Rental Home Update on Wednesday, July 16.
HOUSTON — (July 9, 2025) HAR Report — The Greater Houston housing market hit new highs in June as strong buyer demand met a record level of available homes. This combination signaled renewed energy and balance in the market.
According to the Houston Association of Realtors' June 2025 Housing Market Update, single-family home sales rose 12.5 percent year-over-year, with 8,588 properties sold compared to 7,637 during the same time in 2024.
Active listings were up 31.8 percent over last year with 38,713 available single-family properties, which is the highest level ever recorded by HAR. The growing inventory provides prospective buyers with more choices.
They also took advantage of steady home prices. The median home price was statistically unchanged at $346,651. The average price increased 4.4 percent to a record $450,235, which was largely driven by strong demand in high-end home sales.
Houston Real Estate Highlights in May-HAR Report
• Single-family home sales increased 6.8% year-over-year;
• Days on Market (DOM) for single-family homes went from 46 to 50 days;
• The single-family median price declined 1.2% to $339,425;
• The single-family average price was down 0.7% to $438,230;
• Single-family home months of inventory expanded to a 5.2-months supply, up from 3.9 months last May.
• Townhome and condominium sales declined 12.9% year-over-year. The median price declined 8.3% to $221,500, and the average price fell 5.5% to $265,903.
• Total property sales increased 4.6% with 10,565 units sold;
• Total dollar volume rose 5.6% to $4.5 billion.
Townhome/Condominium Update-HAR Report
Houston’s townhome and condominium market experienced a continued slowdown in May, marking the fourth consecutive month of declining sales. A total of 485 units were sold, which is a 12.9 percent decrease from the 557 units sold last May. The average price declined 5.5 percent to $265,903, while the median price dropped 8.3 percent to $221,500.
Townhome and condominium listings increased to 3,311, resulting in a 7.8-month supply of inventory. This is a significant jump compared to the 4.6-month supply reported last year at this time. Inventory levels reached their highest point since September 2011, when the supply stood at 8.0 months.
HAR Report: Active listings for single-family homes reached 37,455 in May, which is up 35.0 percent compared to last May. This volume represents the highest level of active listings since September 2007, when 37,500 units were on the market.
Months of inventory also rose, climbing from 3.9 months last May to a 5.2-months supply—a level last reached in July 2012. This figure surpasses the national average of 4.4 months as reported by the National Association of Realtors.
Days on Market, or the actual time it took to sell a home, also increased from 46 to 50 days.
Broken out by housing segment, home sales in the Houston area performed as follows:
$1 - $99,999: increased 23.8 percent
$100,000 - $149,999: increased 18.6 percent
$150,000 - $249,999: increased 12.0 percent
$250,000 - $499,999: increased 5.7 percent
$500,000 - $999,999: increased 0.2 percent
$1M and above: increased 6.3 percent
