Houston inventory is rising, while listings in the rest of Texas are dropping.
Once again, Houston has the biggest housing inventory in the country, with over 42,000 active listings in October. That’s about 1,400 more homes than September and 7,000 more homes than last October, putting it in first place for year-over-year home inventory growth, according to Homes.com senior director of market analytics Itziar Aguirre.
Texas marked second as well as first place. Dallas/Fort Worth has the second-biggest housing inventory in the country, according to Homes.com. However, unlike other Texas metros, Houston continues to heap homes onto the shelves, even in the face of a buyer’s market shift that has many sellers leaving the market.
Houston is the only metro in the Texas Triangle to see inventory increase in the past few months, according to CoStar. Homeowners around the country are increasingly deciding to take their homes off the market and wait for better conditions; in Houston, though, a boom in master-planned community projects appears to be countering the resale market’s decline.
“We’re still seeing a lot of master-planned communities pop up, even today at this interest rate, so that’s keeping inventory high. Especially west and north of Houston,” Aguirre said.
Month-over-month, housing inventory has shrunk in Dallas since July. The Austin housing market has also contracted, dipping from 16,500 homes for sale in July to 14,700 in October. San Antonio has slowed as well, though its inventory ticked up in September before decreasing again in October.
All the while, the number of homes for sale in Houston has increased, month-over-month.
Houston was already crowned king of master-planned communities in January after year-end data showed that a plurality of the 50 best-selling master-planned communities in 2024 were in the Bayou City. The pipeline has remained full all year with projects by Starwood Land, Brookfield, Hines, Friendswood Development Company and D.R. Horton taking shape. Over a fifth of all master-planned community sales in the country take place in Houston.
While single-family home inventory grew 16 percent, year-over-year in October, townhomes and condos grew by 27 and 28 percent, respectively.
Katy and Lake Conroe saw the highest increase in active listings in the region, year-over-year.
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Housing inventory piling up across Texas Triangle
Houston housing inventory tops national charts
San Antonio home inventory shrinks as sellers play waiting game
