Current Market Data
The Northeast and Midwest remained strong, while Florida, which saw a major runup in prices in recent years, continued to cool.
That’s good news for buyers, who have considerably more options than their counterparts in tighter markets on the East Coast.
The top four most expensive homes listed in Texas last month are located in the Dallas-Fort Worth Metroplex.
New listings increased 16.3% in Houston during the week ended May 26, according to the Weekly Activity Snapshot from the Houston Association of REALTORS®. Realtors added 3,766 properties to the MLS during the week. That was actually down from
The 6.3% month-over-month decline was the steepest the U.S. market has seen since September 2022.
The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 3.4% in March, a slight decrease from the 4% annual gain measured in February.
HAR’s April Rental Market Update showed that leased listings rose 5.1% year over year, with 3,957 leases signed during the month.
HAR’s Weekly Activity Snapshot shows that Realtors added 4,680 properties to the MLS, a 34.2% year-over-year increase.
New data released by CoreLogic/Cotality, and examined by noted industry researcher Mike DelPrete, contradicts this commonly held notion, however, and shows that the ratio is actually closer to 65/20.
Nationally, home sales slid 1.4% year over year but increased 11.3% month over month, RE/MAX said.
All 10 of greater Houston’s most expensive home sales last month were located in Houston proper, according to the Houston Association of REALTORS®.
Single-family home sales declined 1.1% year over year in April, the association’s report showed, with 7,856 home sales.
Consumer traffic at property showings increased from 2024 volumes, signaling strong consumer interest for the spring homebuying season.
The association noted, however, that 90% of the responses to its survey tracking homebuilder sentiment were received before the announcement of a 90-day reprieve in U.S.-China tariffs.
Driven primarily by the construction boom during the pandemic, the housing market has seen some improvements in affordability, but homes remain out of reach for many would-be buyers.
The most recent Weekly Mortgage Applications Survey shows homebuyer activity continued despite the economic uncertainty.
