Home prices in the Greater Houston area reached an all-time high in May as more homes entered the market.
The second quarter of 2022 will indicate whether the market is moving toward or away from normalization. May data show that the number of homes for sale rose, which indicates that inventory will follow the normal seasonal trend, but at a depressed rate.
Despite some softening of demand as rates increase, the low but rising housing supply will continue to drive prices up, as buyers are more easily matched with the right home.
