Houston Real Estate Market Shows Inventory Growth Amid Closing Slowdow

HOUSTON, TX – March 17, 2025 – The Houston real estate market experienced notable shifts during the week of Mar 4-10, 2025, with a rise in new listings and median prices, but a significant decline in closings and pending sales. This adjustment indicates evolving market conditions that both buyers and sellers should consider.

Market Highlights

 

• New Listings: 5,327 properties entered the market, offering buyers expanded choices.

 

• Pending Sales: 2,632 homes went under contract, reflecting a 28.96% decrease.

 

• Closings: 2,187 properties successfully sold, marking a 39.95% drop.

 

 

 

 

 

 

 

 

 

 

 

• Median Sold Price: $367,447, an 11.69% increase, signaling shifting price dynamics.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

• Days on Market (DOM): 71 days, up 7.58%, reflecting longer selling times.

 

 

 

• 30-Year Mortgage Rate: 6.72%, a 0.30% decline from the previous week.

 

 

 

 

 

 

 

 

 

 

Single-Family Home Market Performance

The Houston market saw a significant rise in new listings, with 5,327 homes hitting the market, giving buyers more options. However, pending sales dropped by nearly 29%, suggesting that some buyers may be pausing to assess market trends. Closings also saw a sharp decline (-39.95%), pointing to potential delays in finalizing transactions.

Despite the slowdown in transactions, median home prices climbed to $367,447 (+11.69%), indicating that well-positioned properties continue to attract strong offers. Days on market increased to 71 days (+7.58%), suggesting that homes are taking slightly longer to sell as inventory rises.

Mortgage Rates and Market Implications

The 30-year fixed mortgage rate declined to 6.72%, a modest decrease from 6.74% the prior week. This slight drop may encourage more buyers to lock in their financing before potential rate fluctuations later in the year.

 

Alaina's Pro Tip of the Week

Market shifts demand smart moves! With median prices up and pending sales down, buyers have a chance to negotiate better deals. Sellers, stay competitive—pricing correctly is key as listings increase and days on market rise.

Market Outlook

With steady inventory levels and active transactions, the local market remains strong heading into the spring season. Buyers can benefit from increased inventory, while sellers should ensure their listings remain competitive in a dynamic environment.

Looking Ahead

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

For expert insights and personalized guidance, contact 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!