Houston Home Prices: What to Watch Next

In Houston, ~24% of active listings saw asking-price cuts in the four weeks ending September 20, placing the metro among the country's highest price-cut markets.
Houston's share of listings with cuts was slightly below its level a year earlier, suggesting discounting stayed common even without accelerating yearly.
The broader backdrop included more buyer leverage as higher mortgage costs kept many homes on the market longer and pushed some sellers to reset expectations.
During current conditions, the avg. 30-yr fixed mortgage moved above 7% and later neared mid-7%, adding pressure for realistic Houston pricing decisions.
For Houston buyers, more frequent cuts signaled added negotiating room; for sellers, homes lingering on market meant sharper pricing discipline became increasingly important.