03/24/2026
The Houston housing market is gaining momentum as we approach the spring season. In February, there was a slight dip in home sales while inventory and buyer activity increased in the region.
According to the HAR’s February 2026 Housing Market Update, single-family home sales declined 2.2% year over year, with 5,918 homes sold compared to 6,050 last year. Despite the slight dip in closings, pending sales rose 13.0%, signaling continued buyer interest enhanced by falling interest rates now for eight consecutive months.
Home prices hit their lowest level in two years. The average home price rose 2.0% to $415,091, while the median price declined 0.9% to $322,078. At the same time, 30-year residential mortgage rates fell to the lowest level in more than 40 months, with the two combining for lower year-over-year mortgage payments in 16 of the past 19 months, resulting in improved affordability.
Compared to a year ago, Houston single-family homebuyers in February 2026 had a monthly principal and interest payment that was $149 less than February 2025 – an annual savings of $1,786 assuming a 20% down payment on the median-priced home.
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