Multifamily construction, meanwhile, rose on a monthly basis. 

Agents from COMPASS, Greenwood King Properties and Nan and Company Properties were responsible for listing and selling the top three most expensive homes in greater Houston last month.

Houston households only needed to make an annual salary of $98,400 to afford monthly mortgage payments on the median-priced home.

Looking ahead, the CoreLogic Home Price Insights report predicts home prices will dip by 0.1% in October on a month-over-month basis.      

At the same time, days on market increased, and housing starts declined.

Agents added 3,096 properties to the MLS, up from 2,701 properties during the same week in 2023.

The S&P CoreLogic Case-Shiller U.S. National Home Price Index hit a new record in August, marking the 15th month in a row of new highs. 

New-home prices, meanwhile, were mixed among the state’s largest cities, according to the latest report from HomesUSA. 

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.