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As inventory surges in the Texas city and prices fall, Houston homebuyers are facing the best market in years.
During the recent sales decline, home prices in Houston have remained steady. The median price of a home last month increased 1.6% compared to last January, to $315,000.
October marked the seventh-straight month of year-over-year declines in Houston-area home sales, the Houston Association of Realtors reported Nov. 9.
Home sales priced between $500,000 and $1 million saw the lowest drop, at 5.8 percent. The drop in sales comes as home prices, in a relief to prospective homebuyers, barely edged up to $432,090 ...
Florida and Texas are seeing a steep decline in condo prices in their areas. Redfin noted that Deltona, Florida’s median ...
The average single-family home price increased .8%, going from $428,790 to $432,090 year-over-year. The total number of available properties increased 33.8%, with 47,563 active listings this June ...
The number of single-family homes on the market increased 31.8% year over year, with 38,713 available properties for sale.
More severe losses are anticipated in smaller Texas cities: Pecos may see a 9.5 percent drop by October, while Zapata could experience a 7.2 percent decrease and home prices in Sweetwater may fall ...
Traditional-style homes remain the go-to in Houston, where steady demand and stable prices are keeping the market solid while others soften.
Will home prices drop in 2025? "It'll vary from region to region," says Evelyn Lueker, associate realtor at Auker Group in San Diego, California.