Houston and Dallas-Fort Worth Market Update: April 2027

It is the second week of November, and the Texas housing story has finally turned the buyers' way: mortgage rates just fell for a fourth straight week, Houston's October median slipped to $320,000 with supply at a 14-year high, and Dallas-Fort Worth's freshest official data runs about 1 percent below last year. Here is the latest monthly update for both markets, with every figure dated and its source named so you can check my work.

Houston: a 14-year high in supply, a lower October median

The Houston Association of Realtors released its October 2026 monthly housing update on November 11, covering October closings. It put the median single-family sale price at $320,000, down 3.0 percent from $329,897 a year earlier and the lowest October median since 2021. The average sale price ran $421,100, essentially unchanged from $421,501 a year ago. Active single-family listings climbed 6.8 percent to 40,253 homes, holding months of inventory at 5.5 for a second straight month, the highest level since 2012. Single-family closings totaled 6,348 for the month, down 14.9 percent year over year, the slowest October in a decade.

HAR framed the region as carrying its deepest supply in 14 years, with buyers working from a long menu and sellers having to price into a crowded field. Its most recent published days-on-market reading, for September, ran about 58 days on average for single-family homes, up from 56 a year earlier.

DFW: median about 1 percent below last year

MetroTex Association of REALTORS, reporting on NTREIS data for September closings and published mid-October, put the Dallas-Fort Worth metro median sale price at $385,000, down about 1 percent from a year earlier, while the average price rose about 4 percent to $509,534. Homes spent an average 62 days on market, two days fewer than a year earlier. Active single-family listings stood at 31,325, with months of inventory near 4.3. Closings totaled 6,759, down 7 percent year over year, dollar volume eased 3 percent to $3.44 billion, and pending sales fell about 19 percent, a sign buyers are shopping carefully and taking their time.

Mortgage rates: a fourth straight weekly decline

Freddie Mac's weekly Primary Mortgage Market Survey averaged 7.11 percent for a 30-year fixed-rate loan in the week ending November 12, 2026, down from 7.18 percent a week earlier. That is the fourth consecutive weekly decline and the lowest reading since late September. The 15-year fixed-rate loan averaged 6.45 percent, down from 6.57 percent the prior week. Rates peaked at 7.40 percent in mid-October and have now retreated about 29 basis points, a modest but welcome break for buyers financing a purchase heading into the holidays.

What this means for buyers and sellers

For buyers, mid-November is a strong window. Rates are off their October high, Houston is carrying the most supply in 14 years, and DFW homes are sitting longer with sellers who will talk terms. Get pre-approved, ask for closing-cost help and rate buydowns, and keep your list realistic so you can move when the right home shows up. For sellers, the message has not changed: price against today's comparable sales, not last year's. Houston's October median is down 3.0 percent year over year, DFW's is off about 1 percent on the NTREIS figures, and the homes moving first are priced and presented for this market, not the one two years ago. A defensible list price beats a price cut later.

The bottom line

Neither market is breaking; both are settling into a rhythm that finally favors buyers after an extraordinary run. Houston has record supply with prices easing, DFW is holding within a tick of last year while buyers gain negotiating room, and rates are moving in a friendlier direction for the first time since the summer. If you want to know what these numbers mean for your specific address, Sharcom Realty Group works Houston, Katy, and DFW every day. We will pull the current comparable sales for your neighborhood and give you a straight answer, no charge and no pressure.

Sources: Houston Association of Realtors, October 2026 Monthly Housing Update, released November 11, 2026, coverage via Houston Agent Magazine, November 11, 2026, and My Neighborhood News, November 13, 2026; MetroTex Association of REALTORS, North Texas Housing Market Report, September 2026, published mid-October 2026 on NTREIS data; Freddie Mac Primary Mortgage Market Survey, week ending November 12, 2026, with prior-week and October-high comparisons, via freddiemac.com and AP News.