06/15/2026
📍Houston continues to show signs of an improving market compared to 2025. While the number of closed homes in May was down slightly from last year, the number of homes that went into pending contract were up by almost 6%, and marked the highest level of pending contracts in May since 2022.
💹If buyers were hoping for falling prices, unfortunately median home values have remained relatively the same YOY, while average home prices increased.
The increase in YOY pending sales may be likely due to a more favorable mortgage rate compared to 2025.
What I'm seeing for sellers
💹Increased housing inventory and competition
💵Homes that are priced right and staged well are selling fast, and in some cases even seeing multiple offers
🏡An opportunity to potentially sell for more money than this time last year
What I'm seeing for buyers
💵Sellers are more willing to offer buyer concessions and negotiate repair
💹More favorable rates
🏡The great homes are selling quickly, so make sure you're pre-approved and ready to go before you start shopping
📲If you are interested in learning more about the current real estate market, and what that looks like for buying or selling a home in the greater Houston area, send me a DM or click on my link in bio