by Calculated Risk on 8/18/2025 12:26:00 PM
Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in July
A brief excerpt:
First, here are some comments from the Houston Association of REALTORS®: HOUSTON HOME PRICES EASE IN JULY AS SUPPLY HITS RECORD HIGH
According to the Houston Association of Realtors’ July 2025 Housing Market Update, single-family home sales increased 9.2 percent year-over-year. A total of 8,300 homes were sold compared to 7,601 last year, when Hurricane Beryl temporarily halted market activity for several days.
July marked the largest year-over-year decline in home prices since 2023. The median price was down 3.1 percent to $339,000. The average price was $434,664, which is 1.9 percent below last year’s level.
Active listings reached an all-time high in July, exceeding 40,000 available homes in the Houston area. This represents a 38.2 percent increase from the same time last year.
emphasis addedActive listings hit an all-time high in Houston leading to some price declines. This is something we are seeing everywhere inventory has increased sharply. Note that sales were partially up year-over-year in Houston due to the hurricane depressing sales last year.
…In July, sales in these markets were down 0.6% YoY. Last month, in June, these same markets were up 4.3% year-over-year Not Seasonally Adjusted (NSA).
Important: There were the same number of working days in July 2025 (22) as in July 2024 (22). So, the year-over-year change in the headline SA data will be similar to the NSA data.
…
More local markets to come!
In July, sales in these markets were down 0.6% YoY. Last month, in June, these same markets were up 4.3% year-over-year Not Seasonally Adjusted (NSA).There is much more in the article.
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