Houston Real Estate Market Shows Inventory Growth Amid Closing Slowdow

HOUSTON, TX – March 24, 2025 – The Houston real estate market saw a significant increase in pending sales (+50.38%) during the week of March 11 - March 17, 2025, indicating strong buyer confidence despite rising mortgage rates. While new listings dipped slightly (-2.76%), the increase in closings (+10.75%) suggests continued movement in the market. Median prices declined slightly, offering some relief to buyers, while days on market held relatively steady.

Market Highlights

 

• New Listings: 5,180 properties entered the market, a 2.76% decrease from last week.

 

• Pending Sales: 3,958 homes went under contract, reflecting a 50.38% increase in buyer activity.

 

• Closings: 2,422 properties successfully sold, marking a 10.75% increase from last week.

 

 

 

 

 

 

 

 

 

 

 

• Median Sold Price: $359,000, a 2.3% decrease, offering opportunities for buyers.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

• Days on Market (DOM): 70 days, a 1.41% decrease, indicating homes are moving slightly faster.

 

 

 

• 30-Year Mortgage Rate: 6.80%, an increase of 1.19% from the previous week.

 

 

 

 

 

 

 

 

 

 

Single-Family Home Market Performance

The Houston market continues to show resilience and strong demand, with pending sales soaring by 50.38% in just one week. This indicates that buyers are actively pursuing homes, even as mortgage rates inched up to 6.80%.

New listings declined slightly (-2.76%), but the steady pace of closings (+10.75%) suggests continued movement in the market. The median home price dropped slightly (-2.3%) to $359,000, which may provide buyers with more favorable purchasing conditions. Homes are spending slightly less time on the market, with DOM decreasing to 70 days (-1.41%).

Mortgage Rates and Market Implications

The 30-year fixed mortgage rate rose to 6.80% this week, up 1.19% from the previous week. While this increase may push some buyers to act quickly before further rate hikes, it also highlights the importance of securing the best financing options available.

 

Alaina's Pro Tip of the Week

Pending sales surged over 50%, signaling strong buyer confidence despite rising mortgage rates. With more closings and slightly lower median prices, buyers should move quickly before competition intensifies. Sellers, while demand is high, pricing competitively remains key in a shifting market.

Market Outlook

With buyer activity accelerating and closings increasing, the Houston market remains dynamic and competitive heading into the spring season. Buyers should take advantage of increased inventory and slightly lower prices, while sellers should remain strategic with pricing to attract motivated buyers.

Looking Ahead

As Houston’s real estate market continues to evolve, staying informed is essential. Whether you’re buying, selling, or simply keeping an eye on trends, understanding market shifts can help you make the best decisions.

For expert insights and personalized guidance, contact me, Alaina Segovia, today.

📲 (832) 921-0506 | 🌐 https://www.alainasegovia.com/ 

Stay tuned for next week’s update, and follow for the latest in Houston real estate!