Amid sky-high mortgage rates, single-family home sales fell 10.9% year over year, allowing inventory to climb to a 3.5-month supply.

A 15% rise in applications for adjustable-rate mortgages drove overall mortgage applications higher in the most recent weekly survey. 

New home listings are still on the rise, despite mortgage rates hitting the highest level in more than 20 years. And those high mortgage rates are pushing monthly housing payments higher than they’ve ever been.

Housing affordability has worsened in many parts of the country as wages fail to grow at the same pace as home prices — but Harris County is one area where wage increases are outpacing price increases.

Both new and pending listings rose in Houston during the week ended Oct. 2.

Houston’s housing inventory grew by 6.2% in August, according to the Houston Association of REALTORS® First Real Estate Snapshot of Houston (FRESH) Report. Despite annual decreases in new listings — Realtors added 11,527 properties to the Multiple Listing Service

Here are the priciest new listings for sale in The Lone Star State, all posted to the Multiple Listing Service within the past 30 days.

Point2Homes analyzed listings in every U.S. state and Washington, D.C. to determine the most expensive home for sale in each.

Regionally, pending sales were down across the board on both a monthly and an annual basis, the National Association of REALTORS® said. 

Realtors entered 2,868 properties into the Multiple Listing Service, a 4.7% increase year over year. New listings declined during the two weeks prior.

Among the top upgrades: large showers.

The value of Houston real estate increased over the last year, placing the metro among the top 20 most valuable housing markets in the nation.

Houston’s new-home market is “finding its footing,” according to the New Home Sales Report from HomesUSA CEO Ben Caballero.

Following trends seen throughout the summer, both traffic at showings and listing views on HAR.com increased annually.

Total housing inventory at the end of August was 1.11 million units, up 3.7% from July but down 14.6% on a year-over-year basis, the National Association of REALTORS® said. 

The average lease price also rose 1.5% to $2,344, the second-highest monthly rent for a single-family home ever recorded in Houston.