Houston Market Sees Surge in Closings as Rates Ease Further

HOUSTON, TX – April 29, 2025 – The Houston real estate market accelerated last week as closings surged nearly 25% and pending sales grew 5.86%. Buyers were encouraged by another slight decline in mortgage rates, now down to 6.25%. While new listings edged down and prices softened, increased activity shows confidence is returning this spring.

Market Highlights

• New Listings: 5,146 (down 1.21%)

• Pending Sales: 4,099 (up 5.86%)

• Closings: 3,207 (up 24.64%)

• Median Sold Price: $344,500 (down 1.57%)

• Days on Market (DOM): 58 (down 1.10%)

• 30-Year Mortgage Rate: 6.25% (down 0.95%)

Single-Family Home Market Performance

Momentum picked up across Houston last week as closings jumped 24.64%, marking one of the strongest increases so far this spring. Pending sales also rose (+5.86%), reflecting continued buyer interest despite modest price adjustments.

While median prices dipped slightly to $344,500, demand stayed solid. Days on market fell again to 58, signaling that competitively priced homes are still selling quickly. Overall, this combination of steady demand and easing rates offers opportunities for both buyers and sellers.

Mortgage Rates and Market Implications

The 30-year fixed mortgage rate slipped again to 6.25%, continuing a favorable trend for buyers. As rates ease, affordability improves, helping many buyers re-enter the market with confidence. For sellers, this means more active buyers and the potential for faster sales if listings are priced right.

Alaina’s Pro Tip of the Week

Closings and pending sales are climbing, while mortgage rates continue to ease and days on market drop again. Buyers have more confidence and are moving faster, yet prices dipped slightly — creating a sweet spot. This is an ideal moment to make a move. Buyers should get pre-approved and be ready to act quickly. Sellers should focus on strong pricing and presentation to capture motivated buyers while demand is up.

Market Outlook

With activity picking up, Houston’s market looks poised for a strong spring. Falling rates and steady demand are pushing serious buyers to act, while sellers benefit from a faster-moving market. Expect continued competition as more buyers jump back in while rates remain favorable.

Looking Ahead

As spring unfolds, understanding local trends is more important than ever. Whether you’re buying, selling, or simply watching the market, staying informed will help you make confident decisions in a fast-paced environment.

📲 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!