The larger-than-expected increase comes as homebuilder sentiment rose for the sixth month in a row. 

There are nearly 40% fewer homes for sale now than before the pandemic began

The year 2021 set a record-high for California to Texas moves, with approximately 110,900 people relocating from The Golden State.

New listings were down again year over year, according to the latest Weekly Activity Snapshot from the Houston Association of REALTORS®.

“Houston housing has been in negative territory for 14 months, however this latest report showed a notable easing in declines and may be a bellwether of improving market conditions ahead,” said Cathy Treviño, HAR’s 2023 chair.

Homebuyer competition is driving up prices, as inventory constraints continue to plague the real estate market.

You don’t have to move to Manhattan to live in a walkable city — many neighborhoods right here in Houston are extremely pedestrian friendly.

Homes affordable to middle-income buyers — defined as households earning up to $75,000 — fall in the $256,000-to-$320,000 range. But of the over one million U.S. homes on the market at the end of April, less than a quarter of all listings were within that price range.

Houston is one of the metros with the most build-to-rent homes on the market, ranking third nationwide for the highest number of build-to-rent single family rentals currently under construction and fourth for the amount completed within the past five years.

The Dallas-Fort Worth suburb of Southlake ranked at No. 1 on StorageCafe’s list, scoring particularly well in local business environment.

Houston listings grew 37.1% from last year.

There were 19,861 properties in the Multiple Listing Service last month, tracking well ahead of the 13,742 properties seen in May 2022.

New, pending and closed listings are down in Houston — but consumer traffic at showings indicates that there is still significant consumer demand in the Houston market.

A second consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index could indicate a reversal of the negative trend that began last year. 

The number of Houston sellers making concessions to buyers is up from last year.

Lots of luxury homes have sold in the Lone Star State in the past month — the most expensive being a 16-bedroom mansion in the Crespi Estates subdivision in Dallas.