Greenberg: Homes take longer to sell, prices ease, and more listings give buyers room to negotiate

KATY-FULSHEAR, Texas (Covering Katy News) – Sellers in Katy had to wait about two months for a buyer in August, a shift from the days when homes sold in a week. The change reflects a market with more supply, steadier sales, and moderating prices compared to last year.

Across all Katy-Fulshear ZIP codes, the average home price slipped to $439,704, down from $460,792 in August 2024. The median price dropped to $355,000 from $400,000. Sales, however, increased to 774 from 641, while active listings rose to 2,807 from 2,055.

Homes spent an average of 56 days on the market, slightly faster than 59 days a year earlier but far longer than the lightning-fast pace seen during the pandemic boom…

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