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. 

The firm brings eight principal agents and primarily serves The Woodlands submarket. 

The 67-single-family-home community is located on 10 acres in Montgomery. 

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.    

Mortgage rates have been dropping in recent weeks in anticipation of the Fed’s move.

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

The expectation of a rate cut this week, and the potential for more later in the year, has already moved mortgage rates lower.

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.

Rate introduced its Spanish-language mortgage process in 2022.

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.