Compass agent Laura Sweeney listed the top three most expensive homes sold in greater Houston last month, plus two other homes in the top 10.

The NAHB/Wells Fargo Housing Market Index slid a point to 32, reflecting ongoing negative sentiment in the homebuilding industry. 

Given that increased affordability, Houston households needed a yearly income of at least $98,400 to afford a median-priced home, down 2% year over year.

NAR’s report — which surveyed nearly 5,000 Realtor members — also found that the typical agent took on 10 transactions in 2024, the same as a year prior.

Home-purchase activity remained elevated from 2024, but a cloudy economic outlook has deterred some would-be homebuyers. 

All but three communities on HAR’s list had prices lower than the area median average ($450,235).

Three of the most expensive new listings in Texas are located on the same street — West Friar Tuck Lane — in Houston.

Geographically, the only region to post a monthly increase in pending sales was the Northeast, where they rose 2.1%, according to NAR’s Pending Home Sales Index.

Nationally, the pace of home-price appreciation declined to its slowest pace in almost two years, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. 

Sunterra, a Katy master-planned community from Land Tejas and Starwood Land, was the top-selling MPC in the area — and in Texas — with 543 new-home sales from January through June.

The inventory of new homes for sale surged year over year, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.    

At the same time, the pace of existing-home sales declined from May’s level. 

Statewide, the median home price decreased 1.4% year over year to $340,000. Amid that increased affordability, closed home sales also increased 1.4% year over year with 95,264 closings.

Nationally, home sales rose 5.7% year over year and 1.3% month over month, RE/MAX said. 

New single-family home construction declined as builders continue to grapple with macroeconomic headwinds. 

Purchase applications slowed to their lowest level since May as economic worries dampened activity, the Mortgage Bankers Association said.