03/20/2025
Houston Market Update 🏡 We are beginning to see amore balanced market. Single family home sales declined from last February at around 3%. A little over 6,200 homes were sold last February compared to this February, with 6,050 homes sold. We are also beginning to see a lot of availability in active listings. There were 31,112 active listings in February, which is the highest level of listings seen since 2011.
The average price of a single family home increased only slightly at $407,538. The rental market experienced a large demand in February due to interest rates and economic conditions. There were over 3,600 properties leased in February compared to 3,400 last year at this time.
With plenty of listings available, there is a lot of opportunity for buyers allowing them to weigh out options and negotiate further, rather than being in a multiple offer situation with less listings available.
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