New Home Sales in Texas Experience Slow Decline in January
The latest New Home Sales Index by HomesUSA.com has revealed a slow decline in new home sales across Texas, including in the Houston metro area. According to the report, Houston saw the most new homes sold in January out of the four biggest metros in Texas, despite being in an overall sales slump compared to December 2024.
Houston New Home Sales
The three-month moving average of new home sales in the Houston metro was 2,046 last month, versus 2,184 sales in December. Housing prices also declined in January, with the average new home in Houston dropping to $395,515. This is about $6,200 less than the average price in December, which came out to $401,678.
Other Texas Metros
The report found new home sales dropped not only in Houston, but also in Austin, San Antonio, and Dallas-Fort Worth. Dallas-Fort Worth’s three-month moving average of new home sales was the second-highest out of all four metros with 1,847 sales made in January, but that figure technically decreased by 43 homes from December. San Antonio saw 67 fewer homes sold from December to January, totaling 1,008 sales last month. Austin saw the fewest new homes sold last month out of the four major Texas metros: 809 homes sold.
Winter Season Sales Slump
According to HomesUSA founder and CEO Ben Caballero, a sales slump is actually normal during the winter season. "January sales are often lower than December in Austin as builders push hard to close the year with as many sales as possible, as I mentioned in last month’s report," Caballero said. "Austin builders were offering discounts, buyer incentives, and Realtor bonuses for December closings. A slower January is not unusual for that reason."
January Housing Prices
January housing prices fell in San Antonio to an average $337,414, and Austin’s average new home price fell to $483,056. This wasn’t the case in Dallas-Fort Worth, however, as prices increased by nearly $2,600 to $496,498 last month.
Conclusion
The New Home Sales Index by HomesUSA.com provides valuable insights into the Texas real estate market. While the report shows a slow decline in new home sales across the state, including in the Houston metro area, it also highlights the normal fluctuations that occur during the winter season. As the market continues to evolve, it’s essential for buyers and sellers to stay informed about the latest trends and statistics.
Frequently Asked Questions
Q: What is the current state of new home sales in Texas?
A: The latest report by HomesUSA.com shows a slow decline in new home sales across Texas, including in the Houston metro area.
Q: Which Texas metro saw the most new homes sold in January?
A: Houston saw the most new homes sold in January out of the four biggest metros in Texas, with 2,046 sales.
Q: What is the average price of a new home in Houston?
A: The average price of a new home in Houston is $395,515, which is about $6,200 less than the average price in December.
Q: Why do sales tend to be lower in January?
A: According to HomesUSA founder and CEO Ben Caballero, January sales are often lower than December due to builders pushing hard to close the year with as many sales as possible.
