Houston Market Stays Active Despite Rate Hike and Price Dip

HOUSTON, TX – April 15, 2025 – The Houston real estate market remained active during the week of April 8–14, 2025, with closings rising over 12% and days on market continuing to fall. While new listings declined slightly (-3.51%) and pending sales eased (-4.79%), buyer activity stayed strong. The median price dipped to $345,000, and mortgage rates rose again, highlighting the importance of strategic timing for both buyers and sellers.

Market Highlights

• New Listings: 5,725 (down 3.51%)

• Pending Sales: 3,998 (down 4.79%)

• Closings: 2,341 (up 12.12%)

• Median Sold Price: $345,000 (down 2.82%)

• Days on Market (DOM): 62 (down 3.58%)

• 30-Year Mortgage Rate: 6.98% (up 0.72%)

Single-Family Home Market Performance

Houston’s spring market continues to show strength in key areas. The number of closings rose 12.12%, signaling that motivated buyers are still pushing deals through despite rising rates. Pending sales slipped 4.79%, which may reflect some caution due to financing conditions.

Inventory remained steady, with 5,725 new listings, just slightly below the previous week. The median price dipped to $345,000, offering buyers a bit more flexibility in negotiations. Meanwhile, homes are selling faster, with days on market dropping to 62, down nearly 4%, showing that competitively priced listings continue to attract serious attention.

Mortgage Rates and Market Implications

The 30-year fixed mortgage rate increased to 6.98%, up 0.72% from last week. This upward trend may encourage buyers to act sooner rather than later to secure current rates. Sellers should be aware that rising borrowing costs may impact the pool of qualified buyers and adjust their strategies accordingly.

Alaina’s Pro Tip of the Week

With closings on the rise and days on market shrinking, serious buyers are taking action despite an uptick in mortgage rates. While pending sales eased and prices dipped slightly, well-prepared buyers and sellers still have the upper hand. Buyers should get pre-approved and be ready to move quickly. Sellers should focus on smart pricing and strong presentation to stay competitive in a fast-moving market.

Market Outlook

As rates edge higher and prices trend downward, Houston’s housing market presents opportunities for buyers who are ready to move decisively. With homes selling faster, sellers who are responsive to shifting conditions will be best positioned to succeed.

Looking Ahead

Whether you're buying, selling, or simply watching the market, staying informed helps you make smart decisions. As spring continues, market dynamics may shift quickly based on rates, inventory, and buyer demand.

📲 For expert insights and personalized guidance, contact Alaina Segovia today.
📞 (832) 921-0506 | 🌐 https://www.alainasegovia.com

✨ Stay tuned for next week’s update, and follow for the latest in Houston real estate!