Houston Housing Market Heats Up as Mortgage Rates Fall

HOUSTON, TX – April 28th, 2025 – The Houston real estate market picked up pace during the week of April 15–21, 2025, as a sharp decline in mortgage rates fueled buyer activity. Closings climbed nearly 10%, and days on market dropped to 59 days, showing serious momentum. While new listings dipped slightly and pending sales softened, buyer urgency is clearly building this spring season.

Market Highlights

• New Listings:  5,209 (down 9.01%)

• Pending Sales: 3,872 (down 3.15%)

• Closings: 2,573 (up 9.91%)

• Median Sold Price: $349,990 (up 1.45%)

• Days on Market (DOM): 59 (down 5.08%)

• 30-Year Mortgage Rate: 6.31% (down 9.60%)

Single-Family Home Market Performance

Houston’s spring market gained momentum this week. Closings jumped nearly 10%, with serious buyers acting quickly as mortgage rates dropped sharply to 6.31%.

While pending sales dipped by 3.15%, the lower days on market and steady pricing show that homes that are well-prepared and priced right are still moving. Median prices rose slightly to $349,990, and homes are selling faster, spending an average of just 59 days on the market, the shortest so far this spring season.

Mortgage Rates and Market Implications

The 30-year fixed mortgage rate fell to 6.31%, a significant 9.60% decline from last week’s 6.98%. This drop improves buyer affordability and may boost competition in the coming weeks. Buyers now have a unique window to secure better financing before rates fluctuate again.

Alaina’s Pro Tip of the Week

With mortgage rates falling sharply to 6.31%, buyers have a strong opportunity to secure better financing this spring. Closings rose nearly 10%, and days on market declined again, signaling that serious buyers are making moves. If you're planning to buy or sell, now is the time to act. Buyers should get pre-approved and be ready to move quickly, while sellers should position their homes competitively to take advantage of increased buyer urgency.

Market Outlook

The Houston market is entering a more competitive phase as lower mortgage rates push serious buyers back into the game. Sellers who act now will benefit from rising buyer urgency, while buyers who move quickly can lock in favorable terms and more choices before competition intensifies.

Looking Ahead

Spring is fully underway, and the Houston market is gaining energy. Staying informed and being ready to move quickly can make all the difference whether you're buying or selling.

📲 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!