Sales activity slowed across greater Houston last month, according to the February Housing Market Update from the Houston Association of REALTORS® (HAR).

Single-family home sales fell 3% year over year, with 6,050 closings. That marks the first year-over-year decline since August 2024. Pending sales, however, increased 5.8%.

Meanwhile, active listings hit the highest level since 2011, with 31,112 homes on the market in February. That’s a 26.7% year-over-year jump.

“We are seeing a shift to a more balanced market, arguably a buyer’s market, which offers more opportunities for those looking to purchase a home,” HAR Chair Shae Cottar said in a press release. “While economic conditions are influencing buying behaviors and decision-making, the expansion of inventory is providing consumers with a wider selection of homes.”

Given the rate of sales, Houston had a 4.4-month housing supply in February, a 1.1-month increase over year-ago inventory levels.

The average sales price rose, while the median dipped: The average increased 2.3% to $407,538, while the median fell 1.2% to $325,000.