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HAR Weekly Update From 3/25 to 3/31
Houston Association of Realtors reports that for the week of March 25 through March 31, 2025, new listings were up 40.6%, pending sales rose 3.4%, closings were down 9.9%, property showings up 9.7%, and listing views up 27.8% versus a year ago.
Texas Rural Land Report
Dr. Lynn Krebs Discusses Texas Rural Land Market.
Dr. Lynn Krebs with Texas A&M Real Estate Center discusses the ups and downs of the rural land market in Texas over the past few years and points out areas to get research on the Texas A&M Real Estate Center website. Click here to view the 2024 Q4 Texas Rural Land Report.
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.