HomesUSA.com: Texas Builders See Solid Late Spring Surge
HomesUSA.com reports higher inventory, stabilizing sales pace and steady prices
Texas home builders experienced a solid late spring surge as new home sales in May reached their highest level so far this year, according to the latest Texas New Home Sales Report released today by HomesUSA.com and its founder and CEO, Ben Caballero, the nation’s top-ranked real estate agent.
The HomesUSA.com New Home Sales Report uses Multiple Listing Service data – the most comprehensive, current, and accurate information – from the Realtor Associations of North Texas, Houston, Austin, and San Antonio. All averages in the full monthly report are based on three-month and 12-month rolling averages to reduce short-term volatility and anomalies.
HomesUSA.com reports Texas’ May new home sales were up over 8.6%, with the statewide average at 6,443, up from 5,935 in April and more than 7.5% higher than the 6,106 homes sold in May 2024. Among the major metros, Austin new home sales jumped 13.8% in May, Dallas-Ft. Worth was up 9.6%, Houston increased 6.9%, and San Antonio climbed 6.1%.
“Texas homebuilders have had three consecutive months with increased sales with pending deals flattening. June and July will tell us if this trend continues or if it is the high point that usually occurs this time of year,” said Ben Caballero, founder and CEO of HomesUSA.com.
According to HomesUSA.com’s proprietary Texas New Home Sales Index, the pace of new home sales remained steady, as the statewide Days on Market average edged slightly lower to 111.81 days in May from 112.56 days in April.
Active new home listings rose modestly in all four of Texas’s largest new home markets in May, supporting a more balanced market. Statewide, the average of active listings grew to 33,710 from 33,142 in April.
Houston was the highest listing again with 14,271 listings in May versus 14,032 in April. Dallas-Ft. Worth had 8,288 (up from 8,160), Austin reached 5,862 (up from 5,748), and San Antonio reported 5,289 (up from 5,203).
Pending new home sales last month – a key future sales indicator – overall were stable statewide. The May average was 7,437 versus 7,400 pending sales in April. Houston and Dallas-Ft. Worth saw slight increases: Houston pending sales rose to 2,350 from 2,317, and Dallas-Ft. Worth climbed to 2,692 from 2,681. Austin improved to 1,276 from 1,244, while San Antonio was the only market to see a dip, down slightly to 1,119 from 1,157 in April.
“May’s pending sales – which have flattened – could be telling us the 2025 sales have topped. Historically, and most recently in 2023 and 2024, new home sales peaked in May or June in all four of Texas’ largest markets, but this year could be very different if interest rates fall,” added Caballero.
Average new home prices remained stable in all four of the Texas’ largest new home markets in May at $424,678 from $423,693 in April.
Austin retained its lead as the highest average new home price among Texas’ major metro areas by posting the highest average new home price at $493,180, up from $492,469 in April. Houston’s new home price average rose to $399,340 from $396,546, and San Antonio’s increased to $341,149 from $334,491. In contrast, Dallas-Ft. Worth’s average new home price dropped to $467,485 from $475,041 in April.
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