"Houston's housing market maintains a competitive edge in affordability while still showing a slight seller's advantage, according to the latest HW Data. With a median listing price of $351,900, Houston presents a value opportunity for buyers priced out of Dallas and Austin markets. The Houston metro area currently has 8,792 single-family homes on the market, representing substantial available inventory for buyers."
"Price reductions are becoming increasingly common across all Texas metros, signaling a broader market adjustment. In Austin, 54% of listings have seen price cuts, followed by San Antonio at 51%. Houston shows a more moderate 33% of homes with reduced prices, while only 1% of Houston listings have increased in price. Dallas shows the strongest seller's position with an Altos Market Action Index of 34, followed by Austin (33), San Antonio (32), and Houston (30) all technically remaining in seller's market territory"
Median listing prices vary widely across Texas metros: Austin $649,900, Dallas $514,999, Houston $351,900, San Antonio $314,900. Houston has 8,792 single-family homes listed, offering substantial buyer inventory; San Antonio has 8,423, while Dallas (2,944) and Austin (3,410) show tighter supply. Price reductions are increasingly common: Austin 54% of listings cut, San Antonio 51%, Houston 33%. Only 1% of Houston listings have increased. Altos Market Action Index values indicate all four metros remain in seller's market territory (Dallas 34, Austin 33, San Antonio 32, Houston 30) while days on market lengthen, giving buyers more negotiating leverage.
Read at www.housingwire.com
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