It’s not a crash, but…

According to the Houston Association of Realtors’ February 2025 Housing Market Update, single-family home sales across the Greater Houston area declined 3% year-over-year

The median home price declined 1.2%  to $325,000, which is the first notable decline since November 2023.

Days on Market, or the actual time it took to sell a home, increased from 58 to 59 days.

The rental market saw increased demand in February.  Many would be Buyers are weary with prices and interest rates and many are opting to rent instead of buying.  

What this means for you-

If you plan on selling this year, this is a great time to do so before summer competition is in full swing and demand wanes in fall.  As always, pricing intelligently and avoiding excess days on market will help you net the most for your investment.  

If you plan on buying this year, know that although we are not in a buyer’s market, and do not have a surplus of inventory, you likely have more negotiating power than a few months ago.  

If you’re thinking of buying and selling and would like to know how this affects you directly you can contact me directly at 713-826-0550 or email me at aura@aurarealestategroup.com