As inventory surges in the Texas city and prices fall, Houston homebuyers are facing the best market in years.

Overall, the median price per square foot of a single-family home fell 2 percent in 2008 to $72.71, marking the first time it has dropped into negative territory in 14 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.

Houston home sales fall 18% in March as prices dip. By Katherine Feser, Staff writer Updated April 17, 2023 9:26 a.m. ... The median home price fell by 3 percent to $325,000 in March, ...

Houston-area home sales fell again last month and prices were flat, the Houston Association of Realtors reported today. There were 5,388 single-family home sales during the month, an 11 percent ...

Houston home sales are poised to fall this year, but the area's real estate market in 2023 will largely depend on the fate of the economy as the U.S. heads toward a recession.

"January was an expectedly slow month for home sales across the Houston area coming out of the holidays and easing back into the more familiar pre-pandemic trending of the start of a new year ...

Texas home prices are dropping faster than average in many cities, according to ConsumerAffairs. Find out which cities are ...

Houston area saw decline in home sales in May. ... You can also add higher home prices to that equation. HAR said prices hit a record high for May, at nearly $444,000 last month.

There are a few signs that the US housing market may be turning in buyers' favor. Redfin says price growth last month was the slowest since 2023.

Homebuyers are seeing lower housing costs due to lower mortgage rates and a slight decline in home prices. The average sales price dropped by 0.7% to $438,230. The median price was down 1.2% to ...

Fever breaks in Texas as home sales, prices decline. ... Houston builders accounted for 30 percent of starts, ... The median home price statewide peaked in May at $349,900 and has been falling ...