HOUSTON, Texas (KTRK) — The Houston housing market is showing signs of softening.
The median price of a single-family home is down to $322,045, its lowest level since January 2024, according to the Houston Association of Realtors. The average sale price of a home trended upward to $416,722, which was largely driven by luxury home listings, according to HAR.
Single-family home sales have shown signs of slowing down in 2026.
As inventory expanded, houses in Houston averaged 66 days on the market, an increase from 61 days the previous year, according to HAR.
“Homes are sitting on the market longer, and there are some price adjustments compared to the COVID market prices, which have trended downward. However, Houston has a lot of inventory,” Braden Real Estate Group, Co-owner, Nicole Handy said. “The amount of inventory is giving the buyers the true advantage. They aren’t forced to be in multiple offer situations. They have time, and they can shop around and look for the best deal.”
What happens in the home-buying market typically has an impact on the rental market.
“There is a connection. When housing prices surge, people are priced out of the housing market, and then they’ll have to, rent so then that could boost rents, and that works in the opposite direction too,” University of San Diego, Economics Professor, Alan Gin, Ph.D. said.
What happens in the housing market isn’t contained in that sector.
“If things slow in the housing market, then that could affect employment in other parts of the economy. So, the real estate industry and finance might be affected if transactions slow. Retailers like furniture and appliances could be affected,” Gin said.
While home sales have slowed, market experts stress that the foundation of the Houston housing market remains strong.
“Houston is still strong, but again, there is competition,” Handy said.
Copyright © 2026 KTRK-TV. All Rights Reserved.