HAR’s April 2023 Market Update suggests that the housing market demonstrated resilience in the face of volatile interest rates and that Houston is still on the road to “normalcy.”

There was a slight uptick in new listings in Houston during the week ended May 8, according to the Houston Association of REALTORS® Weekly Activity Snapshot.

Interest rates on mortgages of all types declined last week, spurring an uptick in borrowing, the Mortgage Bankers Association reported. 

Active listings have increased in Texas, as have the average number of days each listing spends on the market, according to the 2023-Q1 Quarterly Housing Report from Texas REALTORS®.

A $1,500 monthly rent budget will only get you so far in many of the biggest cities in the country. But how far can that same budget get you in Texas?

According to a report from Builder Online, the answer is yes.

“The average list price for a Houston home remains above 2022 levels and is edging closer to the record-setting price of $441,303 from May of 2022,” HAR’s report said.

Traffic at property showings has increased year over year, according to the Houston Association of REALTORS® Weekly Activity Snapshot for the week ended May 1.

Curious about luxury listings in the Lone Star State? Here are the top 10 most expensive new listings added to the Multiple Listing Service in the past month.

The need for more space is common among all self-storage users: 40% of survey respondents listed this as their primary reason for renting storage space.

High demand drove multiple offers on about a third of pending sales, while 28% of homes sold above list price, the National Association of REALTORS® reported. 

Realtors added 2,865 new properties into the Multiple Listing Service, down from 3,123 during the same time last year.

Houston’s new home sales hit the highest level since May 2022 in March, according to the New Home Sales Report from HomesUSA Chief Executive Officer Ben Caballero.

New listings rose 12% year over year, according to the Houston Association of Realtors® Weekly Activity Snapshot for the week ended April 17.

U.S. government data shows builders increased the pace of single-family home construction while slowing the pace of multifamily starts. 

The National Association of Home Builders/Wells Fargo Housing Market Index rose for the fourth month in a row in April as the construction industry remained “cautiously optimistic.”