Trends
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Buyers are reportedly looking for homes that reflect how they actually live, not how they could be living.
Nationally, home sales in the 46 metro areas surveyed by REMAX rose 2.5% year over year and slipped 5.7% month over month.
Active buyers are looking for more expensive homes, while price-constrained buyers are looking at fewer homes altogether.
Of the 50 metro areas surveyed by NAR, several stood out for year-over-year gains in contract signings.
The move was an improvement over July, but sentiment still remained in negative territory.
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.
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.
With strong sales in nine Houston-area communities, the metro ranked as the top-performing area in the country.
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.
The seasonally adjusted annual rate of 628,000 homes topped Wall Street’s estimates.
Curb appeal is important to today’s homeowners — that is, they want the exteriors of their homes to appeal to their own preferences and sensibilities rather than those of potential buyers.