With 1,367 active home listings by the end of April, the Cy-Fair real estate market had 3.5 months of inventory available for the first time since summer 2017, according to the Texas A&M Real Estate Research Center. Months of inventory measures how long it would take to sell all existing listings at the current sales pace.Shae Cottar, chair of the Houston Association of Realtors, said supply chain issues and record-low interest rates during the COVID-19 pandemic affected inventory levels—dropping to as low as 0.39 months locally in February 2022. Homebuilders have since helped replenish that stock across the region, he said.

“I think that while a lot of times it's easy to look at the last five years and feel like that is the way it is, that's normal; if you look on a historical timeline, I think what we're actually seeing right now is a normalizing of the market,” Cottar said at the June 10 Houston Northwest Chamber of Commerce luncheon. “We're getting it back to something that's more sustainable because those 3.5% interest rates ... and those price points of $50,000 and $100,000 over asking—those things are not sustainable.”Also of note

During the first three months of 2025, 25% of Cypress households could afford to buy a median-priced home, compared to 34% in Harris County, according to the Houston Association of Realtors’ Q1 Housing and Rental Affordability Report released May 8.

In the first quarter, the median price of a home in the Cypress area was $407,500, with a minimum qualifying annual household income of $128,800. Harris County’s median home was $325,000, and its minimum qualifying income was $100,400, according to the report.

Out of the 19 submarkets within Harris County, only five had a lower percentage of people who could afford the median home price—Bellaire, Katy, Memorial Villages, River Oaks and West University Place. Cypress was tied for the third-most affordable area, HAR reported.