According to the August monthly housing update from the Houston Association of Realtors, the number of single-family home sales has decreased by 11.5% across the Greater Houston region.
The breakdown: With the decrease in single-family home sales, affordability rates for homeowners saw year-over-year growth for 22 of the last 25 months, HAR data shows. The nationwide growth rate stood at 15 out of the last 25 months.
When compared to single-family home sales in 2019, the 2026 market has seen a 20.1% decrease overall.
In their words: “Buyers have more options and more time to make decisions, while sellers continue to benefit from relatively stable prices," HAR Chair Theresa Hill with Compass RE Texas, LLC - Houston said. "That's a healthier environment for consumers and a positive sign for the long-term strength of our market.”