In July, home prices fell slightly from the month before, with a median listing price of $339,900.
The number of listings on the market grew 2.0% from last month, which is a smaller increase than normal for this time of the year in Houston, and homes are also selling slower than at the same time last year.
Home prices in Houston
Typically, home price per square foot in Houston tend to fall in July. And the most recent data shows that the price per square foot decreased by 0.9% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.9%, which means price changes in Space City are keeping pace with the national market.
Houston inventory
In July, there were 11,364 homes for sale in Houston, which was 2.0% more than the month before and 30.8% more than the same time last year.
Meanwhile, active inventory across the nation rose by 1.9% from last month to 1,102,787.
Time on market
Homes in Houston take an average of 49 days to sell, according to July figures.
This is four days more than the previous month and three days more than the same month last year.
For comparison, nationally homes spent an average of 58 days on the market in July.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Houston, TX.