The latest Market Update from the Houston Association of REALTORS® shows a 1.8% year-over-year increase in all single-family home sales. 

The combination of rising inventory and price reductions in Houston and nationwide is creating a more buyer-friendly market.

The average 30-year fixed mortgage rate dropped more than a quarter point since last week.

Recall that market activity took a hit in Houston in the wake of Hurricane Beryl.

Realtors added 3,341 properties to the MLS, up from 3,054 properties during the same week in 2023.

The National Association of REALTORS® said its Pending Home Sales Index rose 4.8% month over month. 

There are plenty of ways to upgrade a home without knocking down walls or hiring a whole construction crew.

The priciest new listing in the Lone Star State is a $15.95 million estate in University Park, listed by Allie Beth Allman of Allie Beth Allman & Associates.

Following a week of year-over-year declines, new listings in Houston recovered from the impacts of Hurricane Beryl during the week ended July 22.

Just 13% of respondents expect an increase in buyer traffic in the next three months.

Even as greater Houston home sales increased 2.7% year over year, local inventory jumped 40.8% in June, according to the RE/MAX National Housing Report.

The Houston real estate market was impacted by power outages caused by Hurricane Beryl during the 28th week of the year.

The average lease price for a Houston single-family rental reached a record high of $2,373 in June — a 1.3% increase year over year.

The priciest home sold in greater Houston last month was a luxury condo in the Huntingdon building in River Oaks, which was listed and sold by COMPASS agents.

Houston home sales slowed for the second month in a row in June, according to the latest Market Update from the Houston Association of REALTORS®.

Despite record high prices, two factors are creating opportunities for homebuyers this summer: falling mortgage rates and rising supply.