Here’s what buyer and sellers need to know as we head into July. If you’re wondering what’s happening in the Houston real estate market, you’re not alone. The latest housing reports are out, and after a busy spring, Houston home sales slowed during the month of June.

Since Memorial Day, we’ve seen buyer activity soften across much of the Houston area. Higher mortgage interest rates and inflation reaching a three-year high caused many buyers to pause their home search while they wait to see where the economy heads next.

Energy Corridor and Katy Housing Market

The Energy Corridor real estate market and Katy housing market continue to be influenced by the energy industry. As oil prices have fallen back to around $70 per barrel, several oil and gas companies have resumed layoffs and slowed hiring. That uncertainty has caused some buyers to delay purchasing until they have greater confidence in both their employment and future interest rates.

Even so, well-priced homes that are move-in ready continue to attract buyers. Homes that require significant updates or are priced above the market are taking longer to sell.

Memorial Real Estate Continues to Stand Out

One market that continues to outperform is Memorial Houston real estate. Demand remains exceptionally strong, particularly for homes zoned to Spring Branch ISD. Buyers continue competing for quality homes in neighborhoods such as Memorial, Nottingham Forest, Frostwood, and surrounding communities because of the area’s highly rated schools, mature trees, convenient location, and exceptional lifestyle.

It’s not unusual for desirable homes in these neighborhoods to receive multiple offers, even in today’s slower market.

Is It a Buyer’s Market in Houston?

Across much of the Houston area, the answer is yes.

Today’s buyers have more inventory to choose from than they’ve had in several years, giving them greater negotiating power. Many sellers are willing to negotiate on price, repairs, closing costs, or other concessions to get their homes sold.

If you’ve been waiting for the right time to buy, this may be one of the best opportunities we’ve seen in recent years.

Advice for Houston Home Sellers

If you’re planning to sell your home in Houston, pricing and presentation matter more than ever.

Today’s buyers are incredibly selective. They expect homes to be clean, well-maintained, updated where it counts, and professionally presented. Homes that are priced correctly from day one and show beautifully continue to sell, while overpriced homes often sit on the market and require price reductions.

Professional staging, quality photography, and a comprehensive marketing strategy can make a significant difference in today’s competitive market.

Looking Ahead

As we enter July, many of us are watching mortgage rates closely. Even a modest decrease could bring many buyers back into the market and create stronger activity during the second half of the summer.

While the pace has slowed, Houston remains one of the strongest long-term real estate markets in the country, supported by continued population growth, a diverse economy, and relatively affordable home prices compared to many major metropolitan areas.

Whether you’re buying your first home, relocating to Houston, moving within the city, or preparing to sell, understanding your local market is more important than ever.

If you’d like to know what your home is worth or discuss your real estate goals, our team at Energy Realty is always here to help. We specialize in the Energy Corridor, Memorial, Katy, West Houston, and relocation services, providing expert guidance to buyers and sellers throughout the Houston area.

SHERRY CAMPBELL
Broker/Owner | Energy Realty