Spring, Klein housing inventory reaches highest point in 8 years

With 964 active home listings by the end of April, the Spring-Klein real estate market had more than four months of inventory available for the first time since summer 2017, according to data from the Texas A&M Real Estate Research Center.

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, which were as low as 0.47 months of inventory locally in February 2022. Homebuilders have since helped replenish that stock across the Greater Houston area, 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, 45% of Spring households could afford to buy a median-priced home, compared to 34% in Harris County, according to HAR's Q1 Housing and Rental Affordability Report released May 8.

In the first quarter, the median price of a home in the Spring area was $252,990, with a minimum qualifying annual household income of $78,800. 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, Spring was tied for the third-most affordable area. Alief and Humble were the only two submarkets where more people could afford the median home price, HAR reported.