HomesUSA.com: Texas New Home Sales Slide as Days on Market Rises

HomesUSA.com reports active listings taper, prices mixed

Texas’s new home sales declined again in November as Days on Market continued to rise statewide, signaling a slower late-year sales pace. According to the latest HomesUSA.com Texas New Home Sales Report, total new home sales fell 4 percent month-over-month, while active listings edged slightly lower from October levels.

The HomesUSA.com Texas 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 are based on three-month rolling averages to capture seasonality and remove anomalies.

New home sales across Texas declined in November to 5,213, down from 5,430 in October. Year-over-year, sales were also lower compared to 5,792 in November 2024. Houston was the only major market posting a modest monthly increase, rising to 1,984 sales from 1,975 the prior month. Austin, Dallas-Fort Worth, and San Antonio each recorded month-over-month declines.

“November’s numbers reflect what we’ve been anticipating: sales down, Days on Market up, but prices are not collapsing,” said Ben Caballero, CEO of HomesUSA.com and the nation’s top-ranked real estate agent. “History says December numbers tell us what the next six months will do, and right now the indicators in all Texas new home markets look weak.”

Days on Market increased statewide for the third consecutive month, rising to 115.84 days in November from 112.63 days in October. Year-over-year, statewide DOM remains elevated compared to 96.56 days in November 2024. San Antonio posted the largest monthly increase, climbing to 100.22 days from 94.94, while Austin, Houston, and Dallas-Fort Worth also saw incremental increases. The rising DOM reflects a slower seasonal sales pace across Texas new home markets.

Average new home prices in Texas were mixed in November, edging down slightly to $426,608 from $428,608 in October. Year-over-year prices remained largely stable. Austin continued to post the highest average new home price at $488,404, while Dallas-Fort Worth and Houston showed modest softening. San Antonio remained the most affordable major new home market with an average price of $358,638. Despite lower sales volumes, a growing share of homes selling at or near list price points to firmer pricing discipline among builders.

Pending sales declined again in November, with the statewide average falling to 5,642, down from 5,873 in October. Year-over-year, pending sales were down just over 10 percent compared to….

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