Houston Real Estate Market Update – March 2026

The Spring Surge Is Here… But Most Buyers Don't See What's Coming Yet

For relocation buyers and anyone considering a move to Houston, the market is quietly shifting — and right now may be one of the most strategic windows we've seen in months. As we move deeper into the spring season, buyer activity is picking up fast… but inventory is still giving you options — for now.

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Market Snapshot

5,918

Total Sales

Slightly down 2.2%

$322K

Median Price

Holding steady

$415K

Average Price

Up 2.0%

55,710

Active Listings

Up 14.3%

4.8

Months Inventory

Balanced, slightly buyer-friendly

69

Days on Market

Average listing duration

What's Actually Happening

That 13% increase in pending sales is the signal most people miss.

Buyers who were waiting are now stepping back into the market. While inventory is still giving you choices, the most desirable homes are starting to move faster.

You still have leverage — but it's beginning to shrink.

Where Buyers Are Focusing

Certain Houston-area communities are drawing the most attention from buyers right now.

Katy

Strong demand for lifestyle communities with amenities

Fulshear

Growing relocation interest and higher-end suburban feel

Richmond

Best value for buyers looking to maximize space and budget

Builder Opportunities

Many builders are offering incentives that make new construction an especially compelling option right now.

Interest Rate Buydowns

Builders are offering rate buydowns into the high 5% range, reducing your monthly cost significantly.

Closing Cost Assistance

Many builders are covering closing costs, lowering the upfront investment needed to get into a new home.

Financing Update

Current Rates

30-Year Fixed: ~6.08% – 6.11%

15-Year Fixed: ~5.44%

What This Means for You

Monthly payments are approximately $149 lower than this time last year, improving affordability for many buyers.

Smart Moves for Buyers

The window of opportunity is open — here's how to make the most of it.

1

Act Now If You're Planning a Summer Move

If you're planning a summer move, now is the time to act. Waiting could mean fewer choices and less negotiating power.

2

Get Pre-Approved Before Shopping

Be pre-approved before shopping. Sellers take pre-approved buyers more seriously, and it speeds up the entire process.

3

Take Advantage of Current Inventory

Take advantage of current inventory while it lasts. With 55,710 active listings, you still have real choices — but that's changing.

What Sellers Should Know

The market is shifting in ways that sellers need to understand to stay competitive.

Pricing Matters More Than Ever

Pricing matters more than ever. Overpriced homes are sitting while well-priced homes are moving. Get your pricing strategy right from day one.

Homes Are Taking Slightly Longer to Sell

Homes are taking slightly longer to sell. With an average of 69 days on market, patience and preparation are key.

Competition Is Increasing

Competition is increasing. More listings mean buyers have more options — which means your home needs to stand out.

The Bottom Line

The Houston market is gaining momentum.

Inventory is still giving buyers flexibility, but rising activity means that window may not stay open for long.

For Buyers

Act strategically now while inventory and builder incentives are still in your favor.

For Sellers

Price right, present well, and move quickly — the market rewards preparation.

Explore Your Options

View homes, new construction opportunities, and private listings: http://terreldterrell.com

📞 Call or Text

281-701-3413

🌐 Website

Terrel D. Terrell, REALTOR®
eXp Realty LLC
License # 723700
1 Riverway Dr Ste 1700, Houston, TX 77056

Phone: (713) 403-8223​​