Active listings jumped 38.2% year over year to an all-time high 40,112 properties. Meanwhile, home prices saw the largest annual decline since 2023 as the median dropped 3.1% to $339,000 and the average fell 1.9% to $434,664.

Given that increased affordability, Houston households needed a yearly income of at least $98,400 to afford a median-priced home, down 2% year over year.

New listings jumped 19.4% year over year as Realtors added 4,168 properties to the MLS, up from 3,491 during the same week in 2024.

NAR’s report — which surveyed nearly 5,000 Realtor members — also found that the typical agent took on 10 transactions in 2024, the same as a year prior.

As the spring homebuying season ended, U.S. home price growth softened significantly, opening the door to improved affordability.

Home-purchase activity remained elevated from 2024, but a cloudy economic outlook has deterred some would-be homebuyers. 

All but three communities on HAR’s list had prices lower than the area median average ($450,235).

Three of the most expensive new listings in Texas are located on the same street — West Friar Tuck Lane — in Houston.

After years of fast-paced home sales, tight inventory and relentless price growth, the U.S. housing market may finally be entering a new chapter.

Closings declined annually for the first time in a month, HAR said, with 1,815 home sales, down 8.5% from a year prior.

Geographically, the only region to post a monthly increase in pending sales was the Northeast, where they rose 2.1%, according to NAR’s Pending Home Sales Index.

Nationally, the pace of home-price appreciation declined to its slowest pace in almost two years, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. 

A new report from U-Haul identified the most common states of origin for do-it-yourself movers who relocated to Houston.

Sunterra, a Katy master-planned community from Land Tejas and Starwood Land, was the top-selling MPC in the area — and in Texas — with 543 new-home sales from January through June.

Buyers closed on 1,864 properties during the week, up from 1,690 a year prior. Pending listings increased 16.4% annually, with 2,181 homes going under contract.

The inventory of new homes for sale surged year over year, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.