The greater Houston real estate market remained in positive territory in May with a one percent rise in home sales and new record highs for both average and median prices. However, consumers showed waning interest in renting single-family homes and townhomes/condominiums.

According to the latest monthly report from the Houston Association of REALTORS® (HAR), 8,157 single-family homes sold in May versus 8,078 a year earlier. That represents a 1.0 percent increase and marks the second greatest one-month sales volume in history.


The Houston real estate market experienced its first sales slowdown since Hurricane Harvey last August, as 6,810 single-family homes sold in March versus 6,982 a year earlier. That represents a 2.5-percent decline. The rental market also saw waning consumer interest for both single-family homes and townhomes/condominiums. However, inventory of homes for sale reached the most plentiful level in four months.

February 2018 Newsletter

Overall sales of single-family homes rose 8.9 percent, according to the latest monthly report from the Houston Association of Realtors (HAR). However, January marked the third consecutive month of declining sales among luxury homes – those priced at $750,000 and above. The strongest sales performance took place among homes in the $250,000 to $500,000 range. Housing inventory was unchanged from the 3.3-months supply a year earlier, in January 2017.