Houston's Real Estate Market Is Still Balanced Despite Higher Mortgage Rates

Houston's real estate market is balanced with 5.3 months of inventory and prices down 20%. Buyers have an advantage, able to negotiate and consider multiple properties, but should focus on what monthly payment fits their budget rather than waiting for lower mortgage rates. Homes average 59 days on the market, requiring sellers to price competitively. Houston offers affordability, strong job growth, and a lower cost of living compared to the national market.