The housing market in Houston continues to see strong price appreciation, with values up 31.3% compared to last year. Home prices have decreased 10.5% in the past month. With 17 active listings, inventory is 55% higher than seasonal norms. Transaction volume is up 50% compared to what's typically expected this time of year. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Houston market with the affordability index at 1142.9. Based on current market indicators, home prices in Houston are projected to decrease by approximately 19.3% over the next month.
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