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More renters in the Greater Houston area signed leases in May as available listings and prices dipped slightly, according to a June 17 report from the Houston Association of Realtors.
The breakdown: The number of rentable single-family homes in the Houston area fell by about 0.8% compared to May 2025, with 54 fewer new listings to choose from, according to the monthly rental market update. Additionally, the number of signed leases increased by 5.2%.
As for average lease prices, costs eased by 0.3% compared to last May, with the average price totaling $2,346 in 2026, the report shows.
Diving in: Meanwhile, townhomes and condos saw an increase of 8.2% in the number of leased listings and an increase of 0.5% in price.
What they’re saying: “In today's economy, many consumers are taking a more measured approach to major financial decisions, and renting remains an attractive option for some households,” said HAR Chair Theresa Hill.
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