Home sales increased annually in three of Texas’ four major markets during the third quarter, according to the latest data from Texas REALTORS®.
Statewide, closings rose 4.9% year over year, while Houston home sales rose 7.1%, with 23,636 closings during the quarter.
Meanwhile, the state’s median home price in Q3 fell 1.5% year over year to $335,000. Among major markets, however, 14 saw price increases while 12 saw decreases. In Houston, the median also dropped 1.5% to $335,000.
“Texas is such a great place to call home that it’s not surprising for home sales to remain strong,” Christy Gessler, chairman of Texas REALTORS®, said in a press release. “Our pro-business, pro-job atmosphere supports our state’s robust economy, and Realtors are key contributors to this economic growth that is not just good for homesellers but also for the entire community.”
The typical Texas home stayed on the market for 96 days: 63 days for sale, plus 33 to close. That’s six days longer than a year prior. Houston homes stayed on the market for 86 days — four days more than Q3 2024.
Active listings jumped 20.9% statewide, with over 153,000 homes on the market. Given the rate of sales, that gave Texas a 5.5-month housing supply, up from 4.7 months in the third quarter of 2024.
In Houston, active listings were up 29.1%, with nearly 39,000 homes on the market; that gave the metro a 5.3-month housing supply, up from 4.3 months a year prior.
“Continued demand, largely stable prices and increasing availability point toward a healthy real estate environment in our state, but every home and every potential buyer is unique,” Gessler added.
