Texas Market Ranks Last, One City Tanks Hard
Why Texas Is a Strong Buyer’s Market Amid rising inventory and cooling demand, Texas has moved into one of the nation’s strongest buyer-friendly housing environments. Inventory has climbed across major metros, with Austin reaching 7.1 months of supply versus 5 months nationally. Active listings in Austin are up 20.1% year over year, a sign of rising inventory . Central Texas listings rose about 34%, and homes averaged 108 days on market in March 2026. That slower pace has increased buyer choice and reduced seller control. Prices Flatten as Leverage Builds Price growth has stabilized. Texas’ repeat-sales index slipped 0.3% month-over-month, while rising only 1.6% year-over-year. Homes often sold within 2% to 3% of asking price, reflecting softer competition. In Dallas, the sale-to-list price ratio fell to about 93% , reinforcing buyer leverage. Higher mortgage rates near 6% have weakened demand and made buyers more selective. Sellers increasingly respond with price discounts, concession...