Single-family home sales declined 14.9% year over year.
Pending single-family sales declined 17.6% to 6,445.
Active single-family listings increased 6.8% to 40,253.
The average single-family home price was flat at $421,100.
The median single-family home price declined 3.0% to $320,000, its lowest level since January 2024.
Single-family homes took an average of 59 days to sell, unchanged from last year.
The supply of single-family homes increased from 5.1 months to 5.5 months.
Total property sales declined 15.1%, with 7,485 transactions.
Total dollar volume declined 14.6% to $3.06 billion.
@Sharon Tzib, interesting to see Houston sales slowing while inventory continues to grow. With buyers having more options, I think there's more room to negotiate not just the price, but also repairs, closing timelines, and other contract terms. In my experience as a real estate attorney and broker in Maryland, I've worked with buyers and investors on property transactions where understanding the contract terms is just as important as getting a good price. For example, negotiating repairs or allowing enough time for inspections can make a big difference in protecting a buyer's interests.
I appreciate you sharing these market updates, @Sharon Tzib! It's always helpful to see what's happening in other markets and how those changes may affect real estate transactions. Happy to stay connected!
Thanks for sharing this, Sharon — a clear snapshot like this is so helpful for anyone watching Houston. A few things stand out to me: with sales down 14.9% year over year and supply up to 5.5 months, buyers have more room to negotiate than they did a year ago, and sellers who price ahead of the market tend to sit — the 59 days to sell tells that story. The median at $320,000, down 3%, plus inventory up 6.8% means pricing strategy matters more than ever right now. If you're buying, this is a market where a well-written offer with reasonable contingencies can still win. If you're selling, condition and pricing on day one are doing the heavy lifting. Are you seeing the softening evenly across Houston, or is it more concentrated in certain price bands?
Yes, both of your are correct. The numbers tell the story and for a portion of unmotivated sellers, they are refusing to accept the market's message that buyers are expecting to negotiate on price, credits, repairs, etc. If they won't negotiate, then they move on to the next seller that will, because there's plenty of inventory. I'm very careful when I take a listing now to make sure sellers are on board with not being stuck on getting their price and/or trying to sell as-is. Seeing Average Sales Price flat and Sales and Pendings down with this much inventory just screams unrealistic sellers. But it's a great time to buy, and my buyers have been getting wonderful deals!!