Houston Housing: September Sees Market Cool, Inventory Grow

Houston Housing Market Shows Signs of Cooling, Inventory Rises in September 2025

HOUSTON – The Houston housing market experienced a notable shift toward equilibrium in September 2025, with sales moderating and inventory levels increasing, according to the latest report from the Houston Association of Realtors (HAR). While home prices continued their upward trend, the overall pace suggests a healthier, more balanced environment for both buyers and sellers.

Single-family home sales in the Greater Houston area dipped by 2.6% last month compared to September 2024, with a total of 10,039 units sold. Including all property types, total sales transactions were down 1.7% from the previous year, accounting for 12,711 closings. The overall dollar volume of sales also saw a 3.6% decrease, though it still exceeded $4.8 billion across the board.

Despite the slight slowdown in sales volume, prices continued their ascent. The median price for a single-family home in September 2025 rose 4.3% year-over-year, reaching $355,000. The average price also saw an increase of 2.6%, hitting $432,668.

A key indicator of the market’s rebalancing is the significant increase in housing inventory. The months of inventory supply climbed to 3.5 months in September 2025, up from 3.0 months in September 2024. This figure represents the estimated time it would take to sell all active listings at the current sales pace if no new listings were added. An increase in this metric typically signals more choices for prospective buyers.

“The September report indicates a welcome moderation in the Houston housing market, moving away from the frenzied pace we’ve seen in recent years,” stated HAR leadership. “Increased inventory and a longer average time on market provide buyers with more opportunities and less pressure, while sellers need to be strategic but can still capitalize on rising prices.”

Homes are now staying on the market for approximately 45 days on average, giving buyers more time to consider their options. Active listings saw a substantial 13.9% increase, contributing significantly to the expanded inventory. Conversely, pending sales were down 10.4%, further suggesting that buyers are not rushing to make offers as rapidly as they once were.

This latest data suggests that the Houston housing market is transitioning from its super-hot, seller-dominated environment to one that is more sustainable and beneficial for all participants.

For the full Houston housing market report and additional statistics, visit the Houston Association of Realtors at har.com/housingreport.