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  • May 20th 2024 at 7:11 PM
    Texas Housing Market

    Texas attracts homebuyers due to its economy and business scene. Known for affordability, the Texas housing market is transitioning. This article explores recent price trends, inventory levels, and what buyers can expect in Texas.

    The Texas housing market shows fluctuations and adjustments. In March, Texas saw a 7.1 percent decrease in home sales compared to the previous month, with 27,595 homes sold. Cumulative sales for the first three months are on par with last year’s figures.

    San Antonio saw a 9.2 percent decline.
    Dallas-Fort Worth experienced a 3.2 percent drop.
    New listings saw a slight dip across the state, with Dallas and Houston most affected.
    Austin maintained stable new listings.
    The average days on the market decreased by one day statewide, indicating continued demand.

    Construction Activity
    Single-family construction permits in Texas increased by 2.6 percent in March, totaling 14,013 issuances.

    Houston saw a decline.
    Austin and San Antonio saw increases.
    Construction starts rose by 2.6 percent.
    The total value of single-family starts surged from $6.55 billion to $9.51 billion compared to the previous year, indicating sustained investment in residential construction.

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Texas Housing Market
May 20th 2024 at 7:11 PM
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