A brand new statewide actual property report has proven a gradual decline in new dwelling gross sales throughout Texas, together with within the Houston metro space.
The newest New Residence Gross sales Index by HomesUSA.com found Houston noticed essentially the most new houses bought in January out of the 4 largest metros in Texas, regardless of being in an total gross sales droop in comparison with December 2024. The three-month shifting common of latest dwelling gross sales within the metro was 2,046 final month, versus 2,184 gross sales in December.
Housing costs additionally declined in January, with the common new dwelling in Houston dropping to $395,515. That is about $6,200 lower than the common worth in December, which got here out to $401,678.
Whereas these declines could seem atypical, a gross sales droop is definitely regular throughout the winter season, in keeping with HomesUSA founder and CEO Ben Caballero.
Energetic new dwelling listings in Houston flattened from December to January, with 13,127 energetic listings available on the market final month.
New dwelling gross sales in January all through Texas
The report discovered new dwelling gross sales dropped not solely in Houston, but additionally in Austin, San Antonio, and Dallas-Fort Value.
Dallas-Fort Value’s three-month shifting common of latest dwelling gross sales was the second-highest out of all 4 metros with 1,847 gross sales made in January, however that determine technically decreased by 43 houses from December.
San Antonio noticed 67 fewer houses bought from December to January, totaling 1,008 gross sales final month.
Austin the fewest new houses bought final month out of the 4 main Texas metros: At 809 houses bought.
“January gross sales are sometimes decrease than December in Austin as builders push exhausting to shut the yr with as many gross sales as potential, as I discussed in final month’s report,” Caballero stated. “Austin builders had been providing reductions, purchaser incentives, and Realtor bonuses for December closings. A slower January just isn’t uncommon for that cause.”
January housing costs fell in San Antonio to a median $337,414, and Austin’s common new dwelling worth fell to $483,056. This wasn’t the case in Dallas-Fort Value, nevertheless, as costs elevated by almost $2,600 to $496,498 final month.
Common costs for brand new houses fell in Austin, San Antonio, and Houston, however elevated in Dallas-Fort Value.Courtesy of HomesUSA.com
