Houston Real Estate Activity Surges as Prices Drop

HOUSTON, TX – April 7, 2025 – The Houston real estate market saw a dramatic spike in buyer activity during the week of March 25 - March 31, 2025, with closings up 57.66% and pending sales rising 31.88%. At the same time, the median sold price dropped 5.82%, creating a unique window of opportunity for motivated buyers in a fast-moving spring market.

Market Highlights

• New Listings: 5,150 properties entered the market, a 2.0% increase from the previous week.

• Pending Sales: 4,207 homes went under contract, a 31.88% jump, signaling strong buyer engagement.

• Closings: 3,910 homes sold, marking a massive 57.66% increase in finalized transactions.

• Median Sold Price: $339,000, a 5.82% decrease, offering improved affordability.

• Days on Market (DOM): 67 days, down 1.47%, indicating homes are moving slightly faster.

• 30-Year Mortgage Rate: 6.76%, a 0.15% dip, easing buyer financing pressure.

Single-Family Home Market Performance

The final week of March brought a major uptick in market activity. Closings surged nearly 58%, while pending sales jumped 31.88%, reflecting a return of buyer urgency as spring begins. Inventory kept pace with demand, as new listings rose slightly (+2.0%), giving buyers more choice in a competitive landscape.

Perhaps most notably, the median sold price fell to $339,000, a 5.82% decrease that may attract more price-sensitive buyers back into the market. With homes selling in an average of 67 days (-1.47%), well-positioned listings continue to move steadily.

Mortgage Rates and Market Implications

The 30-year fixed mortgage rate declined modestly to 6.76%, down from 6.77% the previous week. This consistent trend of minor rate relief—paired with the drop in median prices—may push more buyers off the fence and into the market while affordability conditions are more favorable.

Alaina’s Pro Tip of the Week

With closings and pending sales surging, buyer activity is back in full force. Meanwhile, the median sold price dropped nearly 6%, offering buyers more leverage. This is a rare moment where high activity meets better affordability; buyers, be ready to move fast. Sellers, lean into the momentum with smart pricing and strong presentation.

Market Outlook

Spring is gaining momentum in the Houston market. With high activity and more favorable pricing conditions, the next few weeks could be pivotal for both buyers and sellers. Expect continued movement as more inventory enters the market and buyers race to lock in rates.

Looking Ahead

As the market shifts week by week, staying informed is more important than ever. Whether you're buying, selling, or simply watching, understanding the latest trends helps you make confident decisions.

📲 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!