Boutique brokerages are prominently featured on this month’s ranking of the 10 most expensive new listings in the Lone Star State.

May’s 1.8% monthly gain follows a 6.3% drop in April, the National Association of REALTORS® said. 

The pace of home-price appreciation slowed to its most modest pace since 2023, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. 

The median-sales price for an existing home rose 1.3% year over year to $422,800. 

Nationally, home sales slid 3.5% year over year but rose 8.6% month over month, RE/MAX said. 

Homebuilder sentiment recently reached its third-lowest level since 2012. 

Houston agents responsible for multiple transaction sides in the top 10 include Mike Mahlstedt and Laura Sweeney of Compass.

The Mortgage Bankers Association said the post-Memorial Day increase came despite economic uncertainty and largely static interest rates. 

The Northeast and Midwest remained strong, while Florida, which saw a major runup in prices in recent years, continued to cool. 

That’s good news for buyers, who have considerably more options than their counterparts in tighter markets on the East Coast.

The top four most expensive homes listed in Texas last month are located in the Dallas-Fort Worth Metroplex.

The 6.3% month-over-month decline was the steepest the U.S. market has seen since September 2022. 

The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 3.4% in March, a slight decrease from the 4% annual gain measured in February.

Nationally, home sales slid 1.4% year over year but increased 11.3% month over month, RE/MAX said. 

All 10 of greater Houston’s most expensive home sales last month were located in Houston proper, according to the Houston Association of REALTORS®.

The association noted, however, that 90% of the responses to its survey tracking homebuilder sentiment were received before the announcement of a 90-day reprieve in U.S.-China tariffs.