Real estate
BY TOMER RONEN
With 1,046 homes on the market by the end of April, the Katy real estate market had more than three months of inventory available for the first time since September 2019, according to data from the Texas A&M Real Estate Research Center. Supply chain issues and record-low interest rates during the early COVID-19 pandemic affected inventory levels, which were as low as 0.44 months of inventory locally in February 2022, said Shae Cottar, chair of the Houston Association of Realtors. Homebuilders have since helped replenish that stock across the Greater Houston area, he said. “I think that while a lot of times it’s easy to look at the last five years and feel like that is the way it is, that’s normal; if you look on a historical Katy-area housing inventory reaches 6-year high
Katy active listings
1,500
1,138
1,046
1,000
500
0
2020
2021
2022
2023
2024
2025
NOTE: CHART INCLUDES DATA FROM THE KATY NORTH, KATY SOUTHWEST, KATY SOUTHEAST MARKETS.
SOURCE: TEXAS A&M REAL ESTATE CENTER/COMMUNITY IMPACT
Bend County, 43% of households could afford to buy a median-priced home. In the first quarter, the median price of a home in Katy was $486,540, with a minimum qualifying annual household income of $149,200, data showed. Harris County’s median home was $325,000, and its minimum qualifying income was $100,400, according to the report. Out of the 19 submarkets within Harris County, Katy was the fifth-most expensive area, HAR reported.
timeline, I think what we’re actually seeing right now is a normalizing of the market,” Cottar said at the June 10 Houston Northwest Chamber of Commerce luncheon. Also of note During the first three months of 2025, 19% of households in Harris and Fort Bend counties could afford to buy a median-priced home in Katy and Fulshear, according to HAR’s Q1 Housing and Rental Affordability Report released May 8. Overall in Fort
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