Houston Market Sees Rate Relief Amid Buyer Slowdown

HOUSTON, TX – March 31, 2025 – The Houston housing market saw a mixed week during the period of March 18 - March 24, 2025, with a slight drop in new listings and a sharp decline in pending sales. However, mortgage rates fell, closings improved modestly, and prices remained stable—giving buyers a window of opportunity to make strategic moves.

Market Highlights

• New Listings: 5,049 properties entered the market, a 2.53% decrease from the previous week.

• Pending Sales: 3,190 homes went under contract, a 19.40% decline, signaling slower buyer activity.

• Closings: 2,480 properties successfully sold, a 2.39% increase over the previous week.

• Median Sold Price: $359,945, a 0.26% increase, showing price stability.

• Days on Market (DOM): 68 days, down 2.86%, indicating a slightly faster sales pace.

• 30-Year Mortgage Rate: 6.77%, a 0.44% drop, easing affordability pressures for buyers.

Single-Family Home Market Performance

The Houston market entered the final week of March with lower buyer activity, as pending sales dropped 19.40%. Despite this, closings rose slightly, and home prices held firm at a median of $359,945 (+0.26%), signaling that sellers continue to secure solid offers.

The market also welcomed 5,049 new listings, slightly fewer than the week before, but still a healthy inventory level for this time of year. Homes are selling a bit faster, with DOM improving to 68 days (-2.86%), a sign that well-priced homes are moving.

Mortgage Rates and Market Implications

The 30-year fixed mortgage rate fell to 6.77%, down from 6.80% last week, a welcome dip for buyers looking to lock in more favorable terms. While buyer activity eased this week, this rate drop may bring renewed urgency as affordability improves slightly.

Alaina’s Pro Tip of the Week

With pending sales down nearly 20% and inventory still strong, buyers have more room to breathe and negotiate. Take advantage of stable prices and a drop in mortgage rates while competition eases. Sellers should remain flexible and price strategically to attract the right offers.

Market Outlook

Although buyer activity slowed this week, lower mortgage rates and stable prices create a more accessible market. This may be a short window before the spring season heats up again. Buyers can act with less urgency, while sellers should position listings carefully to stand out.

Looking Ahead

As Houston’s market adapts week by week, understanding local trends is essential. Whether you're buying, selling, or just watching from the sidelines, staying informed helps you make the right moves.

📲 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!