10/13/2026
Call or text Tom at 713-201-5257 — or DM me PRIDE.
TUESDAY MARKET FOCUS: Houston's overlooked deal — townhomes & condos.
Everyone watches single-family (median $330,000, 5.3 months of inventory, 54 days on market). But one rung down the picture is very different: townhome & condo inventory sits at 8.8 MONTHS — nearly a 9-month supply — with the median price down 7.1% to $195,000 and pending sales off 8% from a year ago.
Translation: buyers in this slice of Houston are choosing from a deep bench with real room to negotiate. Sellers here need sharp pricing, not wishful thinking.
The rate picture: 30-yr fixed at 7.40% (Freddie Mac, week ending 10/8). At that rate the $330,000 Houston median runs about $1,828/mo in principal & interest with 20% down — roughly $194/mo more than a year ago at 6.30%. CPI lands tomorrow — the next move for rates.
Sources: HAR August 2026 Housing Market Update; Freddie Mac PMMS. www.pridestreetrealty.com
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