Houston ranked No. 4 among the 49 largest U.S. cities for the number of homes sold in August despite a 5.6% year-over-year decline in transactions, according to the most recent RE/MAX National Housing Report.    

Closed sales fell to 7,139 transactions from 7,561 in August 2023. New York, Chicago and Dallas took the top three spots, respectively.    

Houston ranked second in the U.S. for active inventory, which surged 36.5% year over year to 30,033. Miami took the top spot, while Dallas, New York and Atlanta ranked third through fifth, respectively.    

Nationwide, home sales slid 3.3% on a monthly basis and 3.8% on a yearly one, while new listings were up 7.9% year over year. The national median sales price was down 1.1% from July but up 3.5% from August 2023, at $440,000. 

“While we saw a slight dip in sales month-over-month, the market continues to show resilience with some year-over-year price growth,” RE/MAX President Amy Lessinger said in the report. “The rise in new listings signals that more homeowners are recognizing the value of listing in today’s environment. Buyers and sellers alike can find opportunity, especially with a steady flow of homes entering the market.”