July market report
Home listings are up and prices are down in Houston, report finds

Home prices continued to decline in July.
The Houston real estate market keeps making a slow but steady shift towards buyers, according to a new report from Homes.com, which tracks hundreds of thousands of transactions to identify real-time housing trends.
For the eighth consecutive months, the number of homes for sale in Houston rose. It’s currently sitting at over 44,000, which is a 31-percent year-over-year increase from the 34,000 homes for sale in July 2024.
In addition, prices are falling. The average transaction price dipped 2.9 percent — about $10,000 — from July 2024 to July 2025. It’s the biggest decline since May 2023 when prices dipped 3.5 percent year-over-year.
Overall, Houston ranks first nationally with the most homes listed. That’s a trend that’s common across the Sunbelt, with Raleigh, NC, Miami, and Las Vegas showing the highest growth by percentage.
The condo market is seeing a similar shift, with 1,725 units listed in July, a 49.2 percent increase. A median transaction price of $175,000 is down by 17.5 percent, the largest drop since September 2018.
“The housing market in Houston is slowly, but surely, shifting in favor of buyers,” Itziar Aguirre, senior director of market analytics for CoStar and Homes.com, tells CultureMap. “Listings are at an all-time high and prices are falling, giving buyers more negotiating power.”
