By the Numbers
The combination of rising inventory and price reductions in Houston and nationwide is creating a more buyer-friendly market.
The National Association of REALTORS® said its Pending Home Sales Index rose 4.8% month over month.
The priciest new listing in the Lone Star State is a $15.95 million estate in University Park, listed by Allie Beth Allman of Allie Beth Allman & Associates.
The priciest home sold in greater Houston last month was a luxury condo in the Huntingdon building in River Oaks, which was listed and sold by COMPASS agents.
Renovating a fixer-upper is one way to add significant value to a residential property — but just how much value can homeowners add in the Lone Star State?
Texas ranks as one of the U.S. states with the lowest overall energy costs, meaning major savings for Texans.
All properties were listed during the month of June.
The record-breaking sales price comes as the pace of transactions slid from April, the National Association of REALTORS® said.
While affordability worsened for all Houston homebuyers in 2023, the affordability gap widened even more drastically for Black and Hispanic/Latino homebuyers.
Agents were hard at work selling the 10 most expensive homes in greater Houston last month, including a 17,192-square-foot estate originally listed for $14.8 million.
Certain Texas cities rank among the top in the country for large apartment sizes, according to a report from RentCafe.
Two of the 10 most expensive new listings in Texas are listed by Chad Barrett, an agent with Allie Beth Allman & Associates.
The S&P CoreLogic Case-Shiller U.S. National Home Price Index has hit a new record for six of the last 12 months, as demand remains strong in the face of tight inventory.
In Houston, the Astrodome area is the most expensive: residents pay 46.88% of their yearly home payments in extra property fees.
At the same time, the median price of a new home sold in April declined as well.
New-home construction jumped 5.7% month over month after a soft March, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.