This weeks market for 6.10.26

Houston Area Real Estate Market Overview

In the real estate market, the Houston MLS inventory stands at 5.3 months, with 39,385 homes available and 7,431 sales adjusted. This week, 4,630 new listings were added, a rise from the previous week. Notably, 1,434 homes went under contract, surpassing last week's numbers, while 2,066 homes closed in the past 7 days.

County Breakdown: New Listings and Sales

• Harris County: 2,054 new listings, 981 homes sold
• Montgomery County: 776 new listings, 291 homes sold
• Galveston County: 256 new listings, 116 homes sold
• Fort Bend County: 756 new listings, 294 homes sold
• Brazoria County: 200 new listings, 101 homes sold
• Waller County: 70 new listings, 20 homes sold

Inventory and Listings by County

• Harris County: 4.6 months, 16,037 active listings
• Montgomery County: 4.9 months, 5,979 active listings
• Galveston County: 6.6 months, 3,031 active listings
• Fort Bend County: 5.0 months, 4,869 active listings
• Brazoria County: 5.3 months, 2,248 active listings
• Waller County: 5.3 months, 831 active listings

This week's data reveals an increase in new listings and contracts, although fewer transactions closed. The overall market inventory increased, but remained stable in the six counties. Buyers now have more options, maintaining competitive conditions for sellers akin to last year. Closures have declined compared to this time last year.

The market remains robust, favoring buyers slightly. Sellers can seize opportunities if their homes are priced appropriately from the buyer's perspective. Notably, foreclosures have risen across the MLS, with 240 available in the six counties we monitor.

Compared to the previous year, pending sales have decreased by 10.4%, and 9.2% fewer listings were removed from the market, indicating fewer contracts and market exits.

For a personalized market report or to discuss your real estate needs, please get in touch.

Current Activity in Your Area

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Interest Rates Update

Interest rates remain stable, hovering around 6% and dipping below for government loans. For the latest rates tailored to your scenario, reach out to Brent at 512.461.8055.

Discover the Beauty of Texas Hill Country

Imagine standing before a majestic waterfall, the size of a road, cascading into a serene river in the Texas Hill Country. Texas is a place of endless wonder, from the pristine beaches of the Gulf Coast to the expansive High Plains of West Texas. There's so much to see when you venture into unexplored territories. The Guadalupe River, originating near Kerrville, winds its way to the Gulf of Mexico, its character evolving with the landscape. A visit to the Hill Country offers stunning views and the warmth of its welcoming residents. If you're interested in discovering the exact location of this breathtaking photo, feel free to reach out, and I'll guide you to this hidden gem.

Thank you for taking the time to review this information. If there's anything I can do to assist you, please let me know.

Vanacor Properties

Contact: rcable@vanacor.com 281.615.3054

Broker License: 0498426