Homes in Westside are taking longer to sell in this rolling three-month view, with the median days on market up to 46 days, slightly above a year ago and well above the quicker pace seen in recent periods. This slower pace lines up with an increase in supply, as months of inventory has risen to 6.8 months, up sharply year over year and higher than the broader Houston average of 6 months. More time on the market can give buyers additional room to compare options and negotiate.
Prices have held relatively steady even as the pace has cooled. The typical home value is about the same as a year ago, while the median list price has edged slightly lower year over year. Only about 13 percent of recent sales closed above list price, a modest share that is down from recent peaks, and the average sale-to-list ratio is just over 96 percent.
Sales activity has eased, with homes sold and pending sales both down compared with the same period last year, and new listings also slightly lower. Active listings have dipped a bit year over year, yet the jump in months of supply shows that inventory is effectively stretching further as homes sit on the market longer. This shifting balance between slower sales and steady pricing can be nuanced to navigate, so both buyers looking for value and sellers aiming to price correctly can benefit from Agent Pronto’s help in finding a local agent who understands Westside’s trends.
