Single-family home sales climbed 11.9% in Houston last month, according to the Houston Association of REALTORS’® August Market Update.
Buyers closed on 8,138 homes during the month, up from 7,270 in August 2024. Meanwhile, active listings soared 30.4% with 39,374 homes on the market in greater Houston.
“August brought the strongest sales gains we’ve seen so far this year, and that’s encouraging for both sides of the market,” said HAR Chair Shae Cottar. “Buyers have more choices and negotiating power than they’ve had in more than a decade while sellers continue to benefit from solid demand. As mortgage rates continue to ease, I anticipate buyer activity will remain solid in the coming months.”
The average and median home prices were statistically flat at $422,703 and $335,000, respectively. The typical home stayed on the market for 52 days.
Given the rate of sales, Houston had a 5.4-month inventory, up one month year over year. That was the highest inventory since August, when there was a 7.1-month supply.
