"In May, home prices rose slightly from the month before, with a median listing price of $345,000. The number of listings on the market grew 5.6%, which is a bigger 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 rise in May."
"And the most recent data shows that the price per square foot increased by 0.3% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot increased 0.5%, which means price changes in Space City are lagging behind the national market. Houston inventory In May, there were 10,783 homes for sale in Houston, which was 5.6% more than the month before and 35.4% more than the same time last year."
Median listing price in Houston rose to $345,000 in May, reflecting a slight month-over-month increase. Listings grew 5.6% from the previous month and 35.4% year-over-year, bringing active inventory to 10,783 homes. Price per square foot in Houston increased 0.3% month-over-month, trailing the national per-square-foot gain of 0.5%. Active inventory nationally rose 8.0% to 1,036,101 listings. Homes in Houston averaged 44 days on market in May, one day longer than April and three days longer than the same month last year, while the national average was 51 days.
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