Houston Real Estate Market Maintains Stability Amid Seasonal Trends

HOUSTON, TX – March 3, 2025 – The Houston real estate market demonstrated steady activity during the week of February 18 - February 24, 2025, with stable mortgage rates and consistent transaction volumes contributing to market confidence.

Market Highlights

• New Listings: 4,329 properties entered the market, providing buyers with fresh options.

• Pending Sales: 2,530 homes went under contract, reflecting strong demand.

• Closings: 2,466 properties were successfully sold, maintaining transaction momentum.

• Median Sold Price: $342,995, showcasing a balanced pricing trend.

• Days on Market (DOM): 66 days, indicating continued market stability.

• 30-Year Mortgage Rate: 6.74% (-6.10% from last week).

Single-Family Home Market Performance

The Houston housing market continued its seasonal trends, with new inventory increasing at a measured pace. A total of 4,329 new listings entered the Multiple Listing Service (MLS), ensuring continued opportunities for prospective buyers. Meanwhile, pending sales reached 2,530, demonstrating sustained buyer confidence despite external economic considerations.

The median price of homes sold during the period stood at $342,995, reflecting steady home values across the region. Homes spent an average of 66 days on the market, a sign of consistent demand and well-calibrated pricing strategies by sellers.

Mortgage Rates and Market Implications

The 30-year fixed mortgage rate decreased skightly at 6.74%, maintaining affordability for homebuyers. This decrease offers buyers an opportunity to secure favorable financing before potential fluctuations later in the year.

Market Outlook

With a steady inventory of new listings and stable mortgage rates, Houston's real estate market continues to offer opportunities for both buyers and sellers. The consistent pace of pending sales and closings suggests that demand remains strong heading into the spring season.

The local market remains resilient, with demand balancing well against inventory levels. Buyers who act decisively can benefit from a growing selection of properties, while sellers who price competitively continue to see steady activity.