📅 Houston Real Estate Snapshot: Week 16 (April 15–21, 2025)
🔹 Interest Rates: Holding steady at 6.687%
🔹 New Listings: 3,900 homes listed — up 11.5% year-over-year
🔹 Pending Sales: 2,200 homes under contract — down 9% from last year
🔹 Off-Market Listings: Up 20% compared to last year
🔹 Closings: 4% fewer closings year-over-year, slight increase from last week
🔹 Home Showings: Down 11% compared to last year (5,000 fewer showings weekly)
🔹 Online Home Views: Dropped 40% from last year
🔹 Affordability Crisis:
- In 2020, a $42K income could buy a home
- In 2025, it now takes an $81K income to afford the average home in Harris County
🔹 Home Prices: - Houston/Pasadena/Woodlands home prices at all-time highs
- Home sales volume has fallen to 2018 levels
- Prices forecasted to continue declining through 2026
🔹 Buyer Tips: - Make more aggressive, lower offers on average homes
🔹 Seller Tips: - Price 2–5% lower than competitors for quicker sales
📞 Contact Marcus Bruno: For tailored strategies in this shifting market — (281) 969-3817