Alright y'all, after an August that gave us the blues, September brought some good news for the Houston housing scene. Sales made a comeback with a 1.7% increase, and inventory stayed at 4.4 months—stable and ready for action. The price of homes didn’t budge much, so buyers can still get in without overpaying, and sellers, you’re not taking a hit either.
Homes between $250K and $500K? They crushed it, making up almost 60% of all sales and up 4.2% from last year! Even the luxury market showed some love with a 2% boost. Now, don’t get too comfy—rental properties are seeing a little slowdown for the first time this year. But overall, we’re looking at a much healthier, balanced market, adapting to whatever the economy throws at us. Feels like we’re finally catching our breath!
What’s the Tea? For five months straight, total property sales took a dip—down 3.3% from last year. But don’t panic, folks! The total dollar volume is holding at $3.3 billion, and the number of available homes is 25% higher than last September. Translation: more options, less crazy bidding wars.
Bottom Line: If you're looking to buy or sell, now’s the time to act. The Houston market is chill, steady, and ripe for the taking. Whether you're aiming for that mid-tier sweet spot or eyeing something swankier, opportunities abound.
