According to the August monthly housing update from the Houston Association of Realtors, the number of single-family home sales has decreased by 11.5% across the Greater Houston region.
The breakdown
With the decrease in single-family home sales, affordability rates for home owners saw year over year growth for 22 of the last 25 months, HAR data shows. The nationwide growth rate stood at 15 out of the last 25 months.
“Buyers have more options and more time to make decisions, while sellers continue to benefit from relatively stable prices,” HAR Chair Theresa Hill with Compass RE Texas, LLC – Houston said. “That’s a healthier environment for consumers and a positive sign for the long-term strength of our market.”
When compared to single-family home sales in 2019, the 2026 market has seen a 20.1% decrease overall.
The cost
According to HAR data, the median cost of a single-family home decreased by $5,000 to $330,000.
Affordability for homeowners saw slight gains as the Houston region experienced a year-over-year decline of monthly principal and interest payments.