The data behind the Houston housing market.

Sellers Are Blinking — But Only in Certain ZIPs

The headline is true and useless: 31.6% of Houston listings have cut price. Underneath, the metro splits in two. Out past the Grand Parkway — Splendora 58.8%, Cleveland 54.1%, Manvel 51.9%, Willis 48.1%, Conroe and Hockley in the mid-40s — nearly half of every listing has already dropped its ask, and the cuts run two to three times deeper than the metro’s 4.5%. Inside the loop, sellers are barely flinching: Independence Heights 12.6%, Garden Oaks 14.7%, Montrose 15.7%. And the kicker — even with all that cutting, the typical Houston home still sold for 96.4% of its original list in May. This is selective repricing, not a fire sale. Here are the ZIPs where sellers are giving ground, and the ones where they still hold the cards.