Houston Home Market Remains Active Amid August Adjustments

Greater Houston's single-family home sales fell 11.5% in August with 7,100 closings, while active listings rose to 38,947, creating a 5.3-month supply above the national average. Sales dropped most in the $150,000-$249,999 range, while luxury home sales declined less. Median home price fell to $330,000, but average price rose to $426,760. Homes took 54 days to sell. The market shows more supply but fewer transactions, indicating cooling without sharp price drops.