Houston Real Estate Market Continues Strong Performance Amid Market Adjustments

HOUSTON, TX – March 10, 2025 – The Houston real estate market maintained strong activity during the week of February 28 - March 3, 2025, with increased transaction volumes and a continued decline in mortgage rates boosting buyer engagement.

Market Highlights

• New Listings: 4,790 properties entered the market, offering buyers expanded choices.

• Pending Sales: 3,705 homes went under contract, reflecting steady demand.

• Closings: 3,642 properties successfully sold, marking an impressive increase in completed transactions.

• Median Sold Price: $329,000, indicating a slight price adjustment beneficial for buyers.

• Days on Market (DOM): 66 days, holding steady from the previous week.

• 30-Year Mortgage Rate: 6.72%, a minor decline from the previous week’s 6.74%.

Single-Family Home Market Performance

The Houston housing market remained resilient, with an increase in new listings to 4,790, giving buyers greater selection as we transition into spring. Meanwhile, pending sales surged to 3,705, showing continued buyer confidence despite broader economic conditions.

The median home price declined slightly to $329,000, a shift that could provide more affordability for buyers. Homes spent an average of 66 days on the market, reinforcing a steady sales pace and balanced competition between buyers and sellers.

Mortgage Rates and Market Implications

The 30-year fixed mortgage rate declined to 6.72%, a modest decrease from 6.74% the prior week. This slight drop may encourage more buyers to lock in their financing before potential rate fluctuations later in the year.

Alaina's Pro Tip of the Week

Closings surged by nearly 48% this week, showing that buyers are making moves! With mortgage rates dipping slightly and inventory growing, now is the time to act. Buyers should lock in financing before the spring rush, while sellers can take advantage of high demand by pricing strategically and making small upgrades.

Market Outlook

With steady inventory levels and active transactions, the local market remains strong heading into the spring season. Buyers can benefit from increased inventory, while sellers should ensure their listings remain competitive in a dynamic environment.

Looking Ahead

As Houston’s real estate market continues to evolve, staying informed is key. Whether you’re buying, selling, or simply keeping an eye on trends, understanding market shifts can help you make the right 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!