Dallas cedes No. 1 new home market designation in Texas
Dallas-Fort Worth has lost its spot as the No. 1 new home sales market in Texas, according to a new report.
DFW, which led all Texas metros in sales of newly built homes for much of 2023, has been No. 2 to Houston every month in 2024, according to data from Dallas-based HomesUSA.com. A single month or quarter might represent an aberration but the consistent results underscore how the Bayou City has become the state’s home construction leader.
New home sales in Dallas-Fort Worth posted a three-month moving average of 1,848 in September. That compares with 1,943 sales in the Houston metro area, 1,067 in the San Antonio area and 864 in the Austin area.
The HomesUSA.com New Home Sales Report uses multiple listing service data from Realtor associations in North Texas, Houston, Austin and San Antonio.
Although the Houston area is outpacing DFW in number of new homes sold, the Metroplex still leads in dollar value of sales, said Ben Caballero, founder and CEO of HomesUSA. That speaks to the relatively higher prices in North Texas — good news for homeowners but a reminder of DFW’s affordability challenges.
The average sale price of the DFW’s 1,848 new homes sold was…
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