🏡 Houston Real Estate Update: Inventory Surges 37% | Buyer Leverage Grows | Week 18 (April 29–May 5, 2025)
This is Marcus Bruno with Bruno Fine Properties, bringing you the Houston Association of Realtors Weekly Activity Snapshot for Week 18 (April 29 – May 5, 2025).
📊 Key Market Highlights:
🏘️ New Listings: 4,700 homes listed — **up 37% YoY**, setting a new high
📉 Pending Sales: ~2,500 contracts — holding steady vs. last week and last year
❌ Off-Market Listings: Up 35% YoY — increased investor opportunities
✅ Closings: Steady compared to previous years — aligns with 10-year average
👀Showings: Up 3% YoY — over 43,600 showings this week
🌐 Online Views: Significant decline — fewer buyers browsing on HAR.com
🏠 Open Houses: Up 50% — 97 held across the Houston area💰 Interest Rates: Holding at 6.702%— flat from last week
📉 Affordability Challenge:First-time buyers now represent only 24% of purchases (down from 50% in 2010)
High prices + increased inventory = more leverage for buyers
📈 Market Insight:While closed sales remain consistent with the past decade, soaring prices and rising inventory are shifting negotiating power back to buyers. The market is not crashing—but it is correcting, offering strong opportunities for value-driven purchases.
📞 Questions? Let’s talk strategy — (281) 969-3817