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Houston Housing Market Update May 2026

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Houston Housing Market Update for May 2026: Inventory Rises as Buyers Gain More Options

The Greater Houston housing market continues to shift in 2026, giving both buyers and sellers important trends to watch. In this May 2026 Houston real estate market update, Bret Wallace breaks down the latest numbers, including home sales, pending sales, days on market, pricing, inventory, mortgage rates, and what these changes could mean for the months ahead.

While the market is still active, rising inventory and slightly lower prices are creating a different environment than many buyers and sellers experienced over the past few years.

  • Single-family home sales increased 4.4% year over year.
  • Pending sales climbed 9.4%.
  • Days on Market (DOM) for single-family homes rose from 55 to 60 days.
  • The single-family median price declined 1.6% to $332,000.
  • The single-family average price decreased 1.4% to $428,709.
  • Single-family home inventory expanded to a 4.9-month supply.
  • Total property sales rose 3.1% to 9,568 units sold.
  • Total dollar volume increased 2.6% to nearly $4.0 billion.