Houston Homes Hit a High Mark, Market briefs

In Houston, Houston home sales gained momentum in June as the average sales price edged up to an all-time high, driven by a surge in sales at the upper end of the market.

The average single-family home price rose 1.2% over the year to a record $455,159 in June, as stated by the Houston Association of Realtors’ monthly home sales report. That surpassed the previous peak of $449,556 set in June 2025.

Single-family home sales totaled 8,820 in June, a 3.5% increase over June 2025.

“We’re seeing a little more breathing room on both sides of the transaction,” said HAR Chair Theresa Hill with Compass RE Texas, Houston. “Buyers are definitely still out there, and when the home is priced right, it’s moving. The difference now is they’re not feeling quite as rushed, because there are simply more homes to choose from.”

Luxe Home Sales Surge

Sales of homes for $1 million or more jumped by 17.1% over the year in June with 527 luxury homes trading hands, as stated by HAR. The million-dollar and up market comprised nearly 6% of June 2026 sales.

The Houston region’s median sales price fell slightly to $345,000, down 0.3% from June 2025. The median, which indicates the midpoint of sales and is less impacted by outliers, hit a record of $354,000 in June 2022.

Houston single-family homes sold for an average of $180 per sq ft in June, down slightly from $181 PSF in June 2025.

Active single-family home listings rose to 38,839 in June, nearly 1,100 more than May and over 800 more than a year ago, as stated by HAR.

Single-family home inventory, which represents how long it would take to sell through the current inventory based on the prior 12 months’ sales pace, decreased slightly to a 5.2-months supply.

Nationally, inventory stands at 4.5 months, as stated by the National Association of Realtors. A six-months supply is considered a balanced market where buyers and sellers have equal footing.

The National Picture

Nationally, home sales are slated to pick up in the second half of the year, but after a slow start to 2026, Realtor.com revised its annual forecast downward.

Existing home sales are projected to reach 4.10 million, up 1.0% over 2025, but down from 4.13 million projected in December, as stated by a new report by Realtor.com.

“Against a backdrop of both familiar and new challenges, the economy has proved resilient. As a result, the first half of 2026 delivered stability more than momentum in the housing market,” said Danielle Hale, chief economist at Realtor.com. “The housing market is inching forward as sellers reset expectations, price growth cools, and buyers gain more negotiating power. Looking ahead, we expect momentum to build through the second half of the year as more sidelined buyers and sellers find terms that work for both sides.”

Home price growth is slated to slow to 1.2% in 2026, a downward revision from the 2.2% increase forecast in December, as stated by Realtor.com. The growth is below the 3.4% rate of inflation expected in 2026, easing the burden for buyers.

Mortgage rate projections are unchanged at 6.3%.