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Houston Home Sales Cool in February
Houston Home Sales Cool in February.
Was it the cold weather that cooled Houston home sales in February? Time will tell. Total property sales in greater Houston declined 4.7% versus February 2024. Dollar volume decreased .6%. Active listings are up 26.7% annually. Single family homes for sale inventory rose to 4.4 months supply compared to 3.3 months of supply in 2024. The good news is that pending single family home sales rose 5.8% over last year.
Condos and townhome sales declined a whopping 21.9%. The inventory of townhomes and condominiums for sale expanded to 6.2-months, the highest level since June 2012.
Home sales by price category –
- $1 – $99,999: decreased 23.7 percent
- $100,000 – $149,999: decreased 6.9 percent
- $150,000 – $249,999: increased 2.0 percent
- $250,000 – $499,999: decreased 3.0 percent
- $500,000 – $999,999: decreased 5.6 percent
- $1M and above: increased 1.9 percent
February 2025 Houston Housing Trends From the HAR Fresh Report.
February 2025 Houston Housing Trends From the HAR Fresh Report.
More properties were listed for sale in Houston in February 2025, with new listings up 10.4% versus a year ago. Active listings are now 31.7% higher than one year ago. The average list price rose to $427,924, a 3.5% increase over February 2024.
Mortgage Delinquencies Begin To Rise
Mortgage Delinquencies Begin To Rise
Houston Real Estate Statistics January 2025
Chart is courtesy of HAR.com
January Houston Residential Real Estate Inventory and Activity Increased.
Houston Association of Realtors has just released the property sales statistics for Houston in January 2025. Houston property sales ticked up in January 2025 versus a year ago, as inventory of properties for sale jumped over 26%. The luxury market continued its strength from 2024 as homes priced over $1 million led all price categories, as closed sales soared 20.7% over January 2024.
January home sale closings between $500,000 and $999,999 were robust as well, increasing 8.1% versus a year ago.
Making up the majority of sales were homes priced between $250,000 and $499,999, although the number of sales in this price category declined 1.6% from a year ago.
Overall, total property sales increased 1.3% versus the previous year.
The average sales price for homes was $406,492 versus $389,349 in January 2024. The median sold home price also increased from $320,000 to $325,000 in January 2025.
Click here to see the full HAR January 2025 property sales report for Houston residential real estate.
Texas Leads US in Home Building
Texas Leads US in Home Building.
Despite having 9% of the population in the United States, Texas accounts for 15% of all new home permits. The growth is expected to continue, and according to a report by Realtor.com, Texas is expected to overtake California as the nation’s largest population by 2045.
Long known for it’s affordability across the four major metros in Texas, recent inflation has steered home builders into building more affordable homes. In the last two years, the pace of new homes priced under $350,000 has dramatically increased, while new construction of homes priced between $350,000 and $2 million has fallen.
In 2024, homes priced below $350,000 accounted for 47% of the for sale housing inventory in Texas – which included both new and existing homes. As the effects of inflation continue to persist, 50,000 more homes were priced at or below $350,000 in 2024 versus the year previously. Click here for the full article.
Average Sold Prices for Recreational Land in Palo Pinto, Parker and Wise Counties
Average Sold Prices for Recreational Land in Palo Pinto, Parker and Wise Counties.
The following indicates publicized sales prices on recreational land in Palo Pinto County TX, Parker County TX, and Wise County TX. This analysis is for properties between 100 and 200 acres.
Palo Pinto County Avg. Acres Median Acres Avg. Acre Price Median Acre Price
2024 121 acres 118 Acres $7,135 $8,024
2023 122 acres 114 Acres $6,153 $5,370
2022 144 acres 111 Acres $8,125 $8,028
Parker County Avg. Acres Median Acres Avg. Acre Price Median Acre Price
2024 142 acres 130 Acres $20,814 $20,256
2023 138 acres 132 Acres $19,325 $14,308
2022 150 acres 147 Acres $22,511 $17,859
Wise County Avg. Acres Median Acres Avg. Acre Price Median Acre Price
2024 159 acres 171 Acres $13,447 $13,772
2023 128 acres 125 Acres $9,291 $8,978
2022 139 acres 140 Acres $11,981 $12,017