Both months of inventory and average days on market grew in Texas as sales fell statewide, according to the Q3 Housing Report from Texas REALTORS®.

Across the Lone Star State, closings were down 9.8% year over year, while the median price dropped 1.5% to $340,000. Active listings, meanwhile, increased by 15.2% with 101,078 homes on the market during the quarter, giving the state a 3.7-month housing supply.

Amid decreased sales and growing inventory, homes stayed on the market an average of 82 days during Q3, up 11 days year over year.

Closings fell by a slightly smaller margin in Houston, with 22,903 closed sales during the quarter, a 7.9% decrease year over year. The median price fell 1.1% to $336,125, while active listings jumped 8.8% to 24,104 properties, allowing inventory to grow to a 3.4-month supply (up from 2.5 months in the third quarter of 2022). The average Houston home stayed on the market for 76 days, a week longer than last year.