The details
Leased listings rose from 4,089 to 4,462 year over year in August while the average lease price climbed to $2,397, according to the report.
Additionally, new listings increased 11.6% from August 2023, with 6,184 single-family rental properties added to the Multiple Listing Service, an online platform where licensed real estate professionals can list homes for sale or lease, according to the report.
Also of note
Listings of townhomes and condominiums had a 21.8% increase year over year with 1,273 new listings, according to the report.
What they’re saying
“The rental market has remained steadfast while other sectors of Houston’s housing market have experienced fluctuations,” HAR Chair Thomas Mouton said via news release. “We could see more renters interested in homeownership after the Federal Reserve’s expected rate cut on Wednesday."
