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Showing posts with the label Texas housing

Texas Market Ranks Last, One City Tanks Hard

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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...

Texas Housing Darling Cools Fast, Sales Momentum Breaks

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Is the Texas Housing Market Cooling or Normalizing? How quickly conditions have shifted is now visible across Texas metro areas. Values have fallen from 2022 to 2025 in Austin, San Antonio, Dallas, and parts of Houston. In Austin, the typical value fell about 24 percent. It dropped from roughly $553,000 to $420,000, resetting affordability. In Dallas-Fort Worth, a sharp inventory surge has tilted negotiations toward buyers as more deals close below list price. Disruption Signals in Pricing and Demand Rates, lock in, and sentiment High interest rates and the lock in effect are constraining existing-home listings and transactions. TRERC expects 30-year mortgage rates to ease to 5%–5.6% by December 2026. Weaker buyer sentiment and slower migration patterns are limiting the pool of move up and first time buyers. Inventory and concessions Builders carried inventory longer in 2025. That expanded incentives and compressed margins. Price cutting has offset inventory growth. Real prices only ...