Trends
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Realtors added 14,910 properties to the Houston MLS in August, an 18.6% increase year over year.
The priciest new listing in the Lone Star State is a $27.5 million estate in Southlake, listed by Michael Hershenberg of Real.
Realtors added 3,623 properties to the Houston MLS in the week ended Aug. 26, up from 2,901 properties during the same week in 2023.
July’s seasonally adjusted annual rate of 739,000 represented a 10.6% jump from June’s upwardly revised rate of 668,000.
The pace of home sales increased 1.3% from June after months of decreases, the National Association of REALTORS® said.
Closed home sales fell 13% year over year in the week ended Aug. 19, sliding to 1,434 from 1,649 a year earlier.
The priciest home sold in greater Houston last month was a 10,468-square-foot house in the River Oaks Tall Timbers subdivision, which was listed and sold by COMPASS agents.
Competition in the housing market is expected to reignite as falling mortgage rates breathe new life into buyers, according to Zillow’s latest report.
At the same time, closed home sales fell 13% in the latest weekly report from the Houston Association of REALTORS®.
The latest Market Update from the Houston Association of REALTORS® shows a 1.8% year-over-year increase in all single-family home sales.
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.
There are plenty of ways to upgrade a home without knocking down walls or hiring a whole construction crew.
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.
Despite record high prices, two factors are creating opportunities for homebuyers this summer: falling mortgage rates and rising supply.