Current Market Data

The median price of a new home sold during the month was also up, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Sales slid 1% compared to August, the National Association of REALTORS® said.

Agents added 3,197 properties to the MLS, up from 2,626 properties during the same week in 2023.

The median sales price of a Houston home rose 1.5% to $340,000.

Multifamily starts, meanwhile, declined, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.

New listings, meanwhile, rose 10.5%, according to the latest Weekly Activity Snapshot from the Houston Association of REALTORS®.

October’s increase comes as inflation slows and mortgage rates decline.

At the same time, the median-sales price declined from August, according to the RE/MAX National Housing Report.

Nationally, the housing market has dipped into neutral territory for the last three months.

The priciest home sold in greater Houston last month was a 3,366-square-foot house in the High Meadow Ranch subdivision, which went for $7,490,000.

New listings, meanwhile jumped 31.2% as Realtors added 3,611 properties to the MLS, the Houston Association of REALTORS® said.

The median single-family sales price rose as well, according to the latest Market Update from the Houston Association of REALTORS®.

Realtors added 3,128 properties to the MLS during the week ended Sept. 30, up from 2,741 properties during the same week in 2023.

The amount a homebuyer needs to earn to afford a median priced starter home is down 0.4% from last year, marking the first annual decline since August 2020.

The average listing price of a Houston home dipped 0.1% year over year to $431,211.

Realtor was the most desirable job in 49 of the 50 states, the study found.