Current Market Data
Agents were hard at work selling the 10 most expensive homes in greater Houston last month, including a 17,192-square-foot estate originally listed for $14.8 million.
Certain Texas cities rank among the top in the country for large apartment sizes, according to a report from RentCafe.
New listings in Houston exceeded 2023 volumes for the tenth week in a row.
Despite severe weather, the Houston housing market saw strong activity in May, including record-breaking home prices.
With warm weather heating up much of the United States, many homeowners are craving new summer styles for their living spaces.
Dallas and Houston rank in the top 10 cities for home renovation spending, according to a report from Pro Tool Reviews.
Closings increased 9.2%, with 2,688 homes sold compared to 2,461 during the same week in 2023.
A year ago, the average listing price in Houston was $441,748. In May 2024, it increased to $456,026.
Two of the 10 most expensive new listings in Texas are listed by Chad Barrett, an agent with Allie Beth Allman & Associates.
Realtors entered 3,310 new listings into the MLS during the week, a 19.1% increase over the same week in 2023, when 2,780 properties were added to the market.
The S&P CoreLogic Case-Shiller U.S. National Home Price Index has hit a new record for six of the last 12 months, as demand remains strong in the face of tight inventory.
In Houston, the Astrodome area is the most expensive: residents pay 46.88% of their yearly home payments in extra property fees.
At the same time, the median price of a new home sold in April declined as well.
Realtors entered 3,543 properties into the MLS during the week, a 12% increase over the same week in 2023, when 3,164 new listings joined the market.
Buyers are finally getting some relief as mortgage rates dip below 7% for the first time in five weeks, according to a Redfin report.
Realtors added 3,574 properties into the MLS during the week ended May 13, a 23.7% increase year over year.
