4-bedroom in Houston 77055 (Spring Branch area), listed at $415k, sold at $393k. 35 days on market. Seller paid $5k in closing costs.
This is the 4th Houston sale I've tracked this month that went below asking. Spring Branch inventory is up 32% year-over-year. Homes that were getting multiple offers in 2024 are now sitting 30-45 days.
Buyers are getting concessions — closing costs, rate buydowns, even repairs. The sellers who priced at or slightly below comps moved in 2-3 weeks. The ones holding at 2024 prices are sitting 60+ days.
Price-to-sale ratio in 77055 is now 94.7%, down from 98.2% in January 2026. That's a 3.5% swing in 7 months.