Current Market Data
Sellers added 4,251 properties to the MLS, down 2.8% from the same week in 2025, when 4,373 homes were added to the market.
Nationally, home sales in the 51 metro areas surveyed by REMAX showed measured growth of 8.9% month over month and 7.8% year over year, REMAX said.
A brand new home in Bunker Hill Village tops the June ranking of the 10 most expensive homes sold in greater Houston.
The annual and monthly declines of 0.3% and 5.4%, respectively, do not fully capture the geographic variability of market performance.
Closed home sales increased 3.5% year over year, with 8,820 properties sold during the month.
Buyers purchased 2,185 homes, up from 1,988 during the same week a year prior. Meanwhile, pending home sales dropped 14.8%, with 1,823 listings going under contract.
The median sales price of a home hit an all-time high of $440,600.
Looking ahead, Cotality expects home prices to rise 4.8% between May 2026 and May 2027.
Nationally, the median list price slipped 2.4%, marking the eighth month in a row of declines.
The uptick was driven by a slight dip in mortgage rates.
S&P Dow Jones Indices noted that inflation outpaced national home-price appreciation for the 11th month in a row.
Home sales in the 51 metro areas surveyed by REMAX rose 7.9% month over month and slid 0.5% year over year.
The increase was driven by refinancing activity as purchase applications dipped.
May brought a flurry of activity to the Houston market as new-home sales surged to 2,169, up from 1,958 the month prior, according to the latest data from HomesUSA.com.
The Houston rental market was strong in May as prices remained stable and inventory grew.
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