All 10 of the most expensive homes sold in greater Houston last month were located within Houston proper.

PMI — which protects lenders on mortgage loans where the down payment is less than 20% and as low as 3% — allowed Texas buyers to save an average of $51,645 at closing in 2025.

Buyers purchased 1,517 homes — the exact same amount purchased during the same week in 2025.

Buyers maintained a steady pace amid increased home shopping options, with 8,340 single-family home sales during the month.

Looking ahead, Cotality expects the median price of a home to increase 1.5% through June 2027. 

Three years after the opening of a large center, ZIP codes retained 66% of their pre-opening active listings, compared to 43% in similar areas without a data center.

Approximately 64% of households in the state are cost-prohibited from owning a median-priced home — that equates to about 7 million families, researchers said.

Given the median home price of $345,200 — down 1.2% year over year — and the average 30-year mortgage rate of 6.41% — down from 6.79% a year prior — the typical monthly mortgage payment was $2,550.

Pending home sales dove 22% year over year in Houston during the week ended Aug. 3, according to the Weekly Activity Snapshot from the Houston Association of REALTORS®.

With strong sales in nine Houston-area communities, the metro ranked as the top-performing area in the country.

Agents helped sellers list 4,088 properties on the MLS, up 8.1% from the same week in 2025 when 3,781 properties were added.

Texas’ most expensive new listing is a nearly $24 million estate in the Dallas suburb of Westlake.

Leading the charge in the second quarter of the year was the Magnolia/1488 West area in the northwest of the Houston metro.

Buyers contracted on 1,829 listings, down from 2,275 during the same week in 2025. That marked the 10th-straight week of year-over-year declines.

The seasonally adjusted annual rate of 628,000 homes topped Wall Street’s estimates. 

“While the improvement in days on market last month is encouraging, the decline in pending sales is also consistent with seasonality,” HomesUSA CEO Ben Caballero explained.