Average home prices in Houston remained relatively flat in September at $415,435, a 0.3% increase from September 2023, according to the Houston Association of Realtors’ Monthly Housing Update released Oct. 9.

The details

Single-family home sales increased 1.7% since September 2023, with 6,973 units sold in September, according to the report.

The report also found:

• Housing inventory increased from a 3.4 months supply to a 4.4 months supply year over year
• September marked the fifth consecutive month of year-over-year declines for total property sales
• Total active listings in September were up 25% from September 2023

Also of note

According to the report, sales in September for homes priced between:

• $1-$99,999 increased 3.5%
• $100,000-$149,999 decreased 23.4%
• $150,000-$249,999 decreased 0.3%
• $250,000-$499,999 increased 4.2%
• $500,000-$999,999 decreased 3.6%
• $1 million-plus increased 2%

Quote of note

“The Houston housing market is demonstrating a healthy balance,” HAR Chair Thomas Mouton said via news release. “The rise in sales, expansion of inventory and stable prices indicate a market that is adapting to changing economic conditions.”