Despite severe weather, the Houston housing market saw strong activity in May, including record-breaking home prices.

According to the latest Market Update from the Houston Association of REALTORS®, single-family home sales increased by 1.5% last month, with 8,538 units sold compared to 8,664 last May. Meanwhile, months of supply increased from 2.7 months to four months, the highest supply seen since August 2019.

“The Houston market has demonstrated its adaptability yet again,” HAR Chair Thomas Mouton said in a press release. “While the weather disruptions may have impacted some sales, there continued to be strong market activity with a rise in available listings and persistent buyer interest. We are beginning to see a more balanced market, benefiting both buyers with more options and sellers with sustained demand.”

via HAR

The average home price reached an all-time high of $443,970, beating the previous record of $438,350 set in May 2022. That’s a year-over-year increase of 3.6%. The median price rose 1.5% to $345,000.