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. 

The 2.5% decline followed a 1.3% increase in July, according to the National Association of REALTORS®. 

Realtors added 3,491 properties to the MLS, up from 3,020 properties during the same week in 2023.

The city ranked No. 2 in the U.S. for active inventory, according to the latest RE/MAX National Housing Report.    

The priciest home sold in greater Houston last month was a 9,250-square-foot house in the Willowick Estates subdivision. 

At a time of year when the real estate market typically experiences seasonal declines, this fall is bringing just the opposite.

New listings in Houston in the week ended Sept. 9 outpaced those placed a year ago, the Houston Association of REALTORS said.

While the average monthly housing payment in the U.S. fell to its lowest level since the start of the year, it isn’t improving sales, as potential buyers are holding out for lower mortgage rates.

The median single-family price slid 0.3% from $338,000 to $336,940, according to the latest Market Update from the Houston Association of REALTORS®. 

Specifically, prices rose 4.3% annually after growing by 4.7% in June. 

Closed home sales fell 5.3% year over year during the week ended Sept. 2, the Houston Association of REALTORS® said.