Pending home sales rose 8.3% month over month, the National Association of REALTORS® said, marking the largest monthly jump since 2020. 

Agents from Allie Beth Allman & Associates are responsible for three of the top 10 most expensive new listings in Dallas this past month.

Declining interest rates spurred the increase. 

In Houston, 1,933 new-homes were sold in December, up from 1,838 in November. Pending sales were statistically flat.

Closings rose slightly above 2023 volumes in the third week of the year, according to the Weekly Activity Snapshot from the Houston Association of REALTORS®.

Notably, renovators are less likely than they were a year ago to undergo kitchen modifications for the purpose of improving the home’s resale value.

At the same time, the median sales price rose 4.4% to $382,600. 

Realtors entered 2,802 listings into the MLS, a 13.9% increase over the same week in 2023, when 2,460 properties were added to the market.

Houston saw one of the largest jumps in new listings in the country last month, according to the RE/MAX National Housing Report for December.

The Houston single-family rental market cooled slightly in December, according to the latest report from the Houston Association of REALTORS®.

The NAHB/Wells Fargo Housing Market Index (HMI) rose seven points to 44, its second monthly increase in a row. 

The priciest Houston home sold in December was a nearly $12 million mansion in River Oaks Country Club Estates.

New listings towered over 2023 volumes in the first week of 2024, according to the latest Weekly Activity Snapshot from the Houston Association of REALTORS®.

Home listings grew in December as housing prices stabilized, closing out an interesting 2023 for the real estate market.

Nearly all millennials — 93% — say a volatile market is to blame for wrecking homebuying plans, with another 76% saying they expect the market to get worse before they’re able to make a purchase themselves.

With mortgage rates dropping to their lowest levels in almost a year, house hunters are returning to a market that many had shied away from in 2023.