Houston Latest Housing Market Update

Good morning, we hope your day is off to a great start. Today we are taking a look at August 2026 housing market report. The average price for a single-family home rose 1.6 percent in August to $440,816 taking the median home price with it, that rose 0.6% to $340,000 when compared to a year ago. 

Do you remember back in February 2019 when the median price was $233,000 and the average price for a single family home was $284,864? I do. How about February 2018 when the median price was $226,400 and the average price was $280,894? As they say, those were the days.

Months of inventory is 9.1 months and the actual time it took to sell a home, grew to 53 days from 50 days. 

The sale of homes priced from $500,000 to $1 million increased 1% taking homes priced above $1 Million with it, which is also up 9.4%. Homes priced between $100,000 - $149,999 saw a decreased of 11.5 percent. While homes within $150,000 - $249,999, fell 0.7% and homes within $250,000 - $499,999 increased 0.4%. 

As always, thank you so much for stopping by. Remember, if you are thinking of purchasing your first home, please give us a call 713.204.8013 or Email us. We are here to help. We have been helping Houston first time home buyers since 2011 and we can help you. I hope you have an amazing day. Until next time...Diana