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    Hot Home Sales

    Houston home sales hit highest point in six years as prices rise; no slowdown in sight

    Ralph Bivins
    Ralph Bivins
    May 21, 2013 | 2:31 pm

    April was the best month for home sales in Houston in almost six years as home buyers devoured new listings at a pace that local Realtors have not seen since before the recession.

     

    With inventory exceptionally tight, Houston home prices hit all-time record highs in April, according to the Houston Association of Realtors.

     

    The April surge continues an impressive 23-month real estate winning streak generated by low mortgage rates — with interest rates less than 4 percent — combined with the city’s strong economy — more than 111,000 new jobs were created in Houston over the last 12 months.

     
     

      “Everyone asks: ‘How long do think this will last?’ No one knows. But definitely we haven’t seen any slowdown.” 

     

     

    “The market is absolutely on fire in all areas,” says Bernstein Realty owner Amy Bernstein, a 30-year veteran of Houston realty. “Everyone asks: ‘How long do think this will last?’ No one knows. But definitely we haven’t seen any slowdown.”

     

    Many homes, even houses that are priced a little too high, will be shown to would-be buyers several times on the very day they are put on the market, Bernstein says. And many sellers receive multiple offers within two days of putting their house up for sale.

     

    The inventory of homes for sale is very low. There’s only a 3.4-month supply of homes for sale, the leanest inventory since 1999. Some people are delaying putting their homes up for sale because they know prices are going up. Meanwhile, a lot of people are moving to Houston for new jobs.

     

    The low supply and high demand mean prices are going up. The median price of a single-family home — the price at which half the homes sold for more and half for less — rose more than 14 percent to $184,900. The average price jumped 14 percent from last April to $253,907. Both represent record high prices for Houston.

     

    The Realtors association reported 6,482 single-family homes were sold in April, the highest monthly sales total since August 2007. The April sales figure represented a 27 percent gain over April of last year.

     

    Sales of condominiums and town homes were up 31 percent over last April.

     

    The number of “pending sales” in the pipeline is also up sharply, indicating that sales will be strong through the summer. Plus many families feel the pressure to buy a home and get moved in before school starts in August.

     

    “The Houston housing market shows absolutely no sign of letting up,” says HAR Chairman Danny Frank with Prudential Anderson Properties.

    Houston home buyers devoured new listings at a pace that local realtors have not seen since before the recession.

    couple holding keys to new house
      
    IWantMyHouseNow.com
    Houston home buyers devoured new listings at a pace that local realtors have not seen since before the recession.
    unspecified
    news/real-estate

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    Slight decline in Houston home prices could benefit buyers, report says

    Holly Beretto
    Jul 18, 2025 | 2:32 pm
    311 Brown Saddle St. exterior
    Photo by TK Images for Martha Turner Sotheby's International Realty
    311 Brown Saddle St is on the market for $6.75 million.

    A brand new report from Homes.com, which tracks hundreds of thousands of transactions to identify real-time housing trends, might mean great news for Houston home buyers.

    Houston home prices posted their third consecutive monthly year-over-year decline in June. The median home price in the Houston metropolitan area fell from $349,000 in June 2024 to $347,970 in June 2025, a 0.3 percent decline. The numbers represent sales of single-family homes, townhomes, and condominiums throughout the metro area.

    Looking a bit deeper, the report indicates that condos and townhomes are seeing prices fall the fastest. In June, the median detached-family home sold for $278,204, and the median condo sold for $160,000. That’s a 3.9 percent dip for both from a year ago. Meanwhile detached single-family home prices saw the smallest price decline, selling at $350,000, which is 0.8 percent less than a year ago.

    The website Homes.com quotes local realtors noting that this is likely due to oversupply as well as rising HOA fees in these segments.

    But all of it taken together means the scene could be shifting to a buyers’ market.

    “Active listings are above pre-pandemic levels,” according to Itziar Aguirre, senior director of market analytics for CoStar and Homes.com. “Houses are staying on the market longer, and price cuts are becoming more common so that sellers can remain competitive, which is a good thing for potential homebuyers. With slightly lower prices and more houses to choose from, it is starting to feel like a buyer’s market.”

    The report goes on to explain that housing construction in Houston surged coming out of the pandemic due to strong demand and population growth in the region. Developers may have overbuilt, particularly in the condo market and townhomes. Now, prices are falling the fastest in those two segments.

    Also, there is likely a bit of a market correction going on since Houston saw a significant price appreciation from 2020-2022.

    Condos and townhomes are often entry-level options for first-time buyers and high mortgage rates have impacted these buyers’ purchasing power. HOA fees have also increased, as have insurance premiums in the last few years, due to increased risk of flooding and hurricanes in Houston as well as higher repair costs due to inflation.

    reportshousing
    news/real-estate
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