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. 

The priciest home sold in greater Houston last month was a 3,366-square-foot house in the High Meadow Ranch subdivision, which went for $7,490,000.

New listings, meanwhile jumped 31.2% as Realtors added 3,611 properties to the MLS, the Houston Association of REALTORS® said.

The median single-family sales price rose as well, according to the latest Market Update from the Houston Association of REALTORS®. 

Realtors added 3,128 properties to the MLS during the week ended Sept. 30, up from 2,741 properties during the same week in 2023.

The amount a homebuyer needs to earn to afford a median priced starter home is down 0.4% from last year, marking the first annual decline since August 2020.

The average listing price of a Houston home dipped 0.1% year over year to $431,211. 

Realtor was the most desirable job in 49 of the 50 states, the study found.

The latest reading of the National Association of REALTORS® Pending Home Sales Index shows a return to month-over-month growth after a decline in July.    

The priciest new listing in the Lone Star State is an $18,995,000 estate in Caney, listed by Amanda Gadison of Keller Williams Dallas Midtown.

Homebuying has just become more affordable for the first time since 2020, according to a new Redfin report.

At the same time, pending listings rose 8% to 2,047 from 1,895, according to the.Houston Association of REALTORS®.

The 716,000 per-year rate of new-home sales topped the consensus estimate of 700,000. 

In its monthly report, HomesUSA said home prices were relatively flat during the same period.