DALLAS, Feb. 22, 2022 (GLOBE NEWSWIRE) — The Dallas-Ft. Price new houses gross sales stay hardy – regardless of stock challenges – as final month registered larger residence gross sales, a small uptick on Days on Market and new residence costs proceed to stabilize, in line with the most recent month-to-month report from HomesUSA.com.
The three-month transferring common of Dallas-Ft. Price new residence gross sales reveals January gross sales elevated barely to 1,220 from 1,195 in December 2021. However stock challenges proceed because the 3-month transferring common has January energetic listings lowering to 2,157 from 2,478 in December.
Dallas-based HomesUSA.com additionally experiences 3-month transferring averages present the gross sales tempo of Dallas-Ft. Price’s new residence gross sales decreased barely final month. The common Days on Marketplace for a brand new residence in Dallas was 53.25 days – up from 52.41 days in December, in line with the HomesUSA.com New Residence Gross sales Index.
New residence costs have been secure domestically. The three-month transferring common of recent residence sale costs in Dallas-Ft. Price was $442,969 in January, barely larger from $436,581 in December.
The HomesUSA.com January 2022 new houses report for Texas consists of Dallas-Ft. Price, Houston, Austin, and San Antonio, and relies on information from the North Texas Actual Property Data Programs, Houston Affiliation of REALTORS, Austin Board of REALTORS, and San Antonio Board of REALTORS.
“Dallas Ft. Price’s new residence market is inching its manner again to regular,” stated Ben Caballero, CEO of HomesUSA.com and world report holder for many residence gross sales. “Barely decrease new residence costs are excellent news for consumers, and as client demand continues, builders are doing their finest to construct extra to satisfy demand,” Caballero added.
Caballero notes December’s 3-month transferring common of MLS information reveals all 4 of the state’s largest new residence markets – Dallas-Ft. Price, Houston, Austin, and San Antonio – have larger new residence gross sales costs.
Whereas Caballero notes that new houses are nonetheless promoting so quick that not all should not being entered into the MLS (A number of Itemizing Service), extra listings are being entered into the native MLS every month, which stays probably the most dependable and well timed supply of all actual property gross sales exercise.
Caballero is sharing the HomesUSA.com New Properties Report prematurely of the discharge by the Commerce Division of its nationwide New Residential Gross sales Report for January, set for Thursday, February 24 at 10:00 am Jap.
Caballero famous this month-to-month HomesUSA.com report consists of each 3-month and 12-month transferring averages for all important market information, together with Days on Market, gross sales quantity, gross sales costs, a sales-to-list worth ratio, pending gross sales, and energetic listings. The three-month transferring common indices monitor market seasonality, whereas the 12-month transferring common removes the seasonality and tracks the longer pattern.
Days on Market – New Properties in Texas (Unique Information)
The HomesUSA.com New Residence Gross sales Index confirmed the 3-month transferring common of Days on Market rose in all 4 Texas main new residence markets in January. The DOM for Dallas-Ft. Price elevated to 53.25 days from 52.41 days in December 2021. Houston’s DOM was 70.77 days versus 68.50 days in December. In Austin, the DOM was 25.39 days versus 23.38 days final month. In San Antonio, the DOM was up barely to 50.28 days versus 50.20 days in December. (See Chart 1: Texas New Properties Days on Market)
Texas New Residence Gross sales Information
Complete new residence gross sales, based mostly on all obtainable native MLS information, have been larger statewide in Texas and three of the 4 main new residence markets final month, in line with the 3-month transferring common. In Dallas-Ft. Price, January complete gross sales have been 1,220 versus 1,195 versus in December 2021. In Austin, January gross sales totaled 471 versus 419 versus in December. In San Antonio, new residence gross sales elevated to 428 from 412 in December. Houston was the one market with barely decrease residence gross sales, with January gross sales of 1,521 versus 1,559 in December. (See Chart 2: Texas New Residence Gross sales)
Texas New Residence Costs
The common worth of recent houses in Texas reveals proceed stabilization of costs. Dallas-Ft. Price reported its 3-month transferring common worth for brand spanking new houses was larger in January at $442,969 versus $436,581 in December 2021. The common new residence worth in San Antonio additionally was larger in January at $373,272 versus $369,468 in December. In Houston, the common new residence worth was barely decrease in January at $397,535 versus $397,785 in December. Austin’s 3-month transferring common worth – the best among the many high 4 markets, fell in January to $496,052 versus $535,815 in December. (See Chart 3: Texas New Residence Costs)
Texas Gross sales-to-Listing Worth Ratio
New residence gross sales statewide and in Dallas-Ft. Price, Houston, Austin, and San Antonio continues to hover near one hundred pc of the asking worth. Statewide, the 3-month transferring common of the sales-to-list worth ratio in January was 99.337 p.c versus 99.340 p.c in December 2021. Dallas-Ft. Price was 99.868 p.c versus 99.920 p.c in December. In Houston, the ratio was 98.773 p.c versus 98.849 p.c in December. In Austin, the sales-to-price ratio in January was 99.942 p.c versus 99.847 p.c in December. San Antonio’s ratio final month was 99.143 p.c versus 99.025 p.c in December. (See Chart 4: Texas Gross sales-to-Listing Worth Ratio)
Texas Pending New Properties Gross sales Information
Based mostly on native MLS information, pending new residence gross sales totals have been larger statewide and in every of the 4 main new residence markets in Texas final month. Statewide MLS information reveals pending gross sales in January have been 5,343 versus 4,736 in December 2021. Dallas-Ft. Price pending gross sales in January have been 1,764 versus 1,638 in December. Houston’s January pending gross sales final month have been 2,036 versus 1,840 in December. Austin’s pending gross sales in January have been 722 versus 538 in December. In San Antonio, pending gross sales final month have been 821 versus 719 in December. (See Chart 5: Texas Pending New Residence Gross sales)
Texas Energetic Listings for New Properties
MLS information reveals the 3-month transferring common for energetic listings statewide declined barely in January, with 13,943 versus 14,443 in December. Three of the 4 main Texas new residence markets – Dallas-Ft. Price, Houston, and San Antonio – posted decrease energetic listings final month. Dallas-Ft. Price’s energetic listings in January have been 2,157 versus 2,478 in December 2021. Final month’s energetic listings in Houston have been 7,680 versus 7,813 in December. San Antonio reported energetic new residence listings in January have been 1,998, versus 2,091 in December. In Austin, January’s energetic listings have been larger at 2,107 versus 2,061 in December. (See Chart 6: Texas Energetic Listings and Chart A: 12-Month Transferring Averages)
In regards to the HomesUSA.com New Residence Gross sales Index
The HomesUSA.com Index is reported as each a 3-month and 12-month transferring common of the Days on Market (DOM) for brand spanking new houses listed within the native A number of Itemizing Companies (MLSs) for the 4 largest Texas markets, together with Dallas-Ft. Price, Houston, Austin, and San Antonio. Created by Ben Caballero, founder and CEO of HomesUSA.com, it’s the first Days on Market index to trace Texas’s new residence market and consists of houses listed whereas beneath building.
About Ben Caballero and HomesUSA.com®
Ben Caballero, founder and CEO of HomesUSA.com, is the world report holder for “Most annual residence sale transactions via MLS by a person sell-side actual property agent.” Ranked by REAL Tendencies as America’s high actual property agent for residence gross sales since 2013, Ben is the most efficient actual property agent in U.S. historical past. He’s the one agent to exceed $1 billion in residential gross sales transactions in a single 12 months, a feat first achieved in 2015 and repeated annually via 2018 when he achieved greater than $2 billion. An award-winning innovator and expertise pioneer, Ben works with greater than 60 residence builders in Dallas-Fort Price, Houston, Austin, and San Antonio. His podcast sequence is obtainable on iTunes and Google Podcasts. An infographic illustrating Ben’s gross sales manufacturing is right here. Study extra at HomesUSA.com |Twitter: @bcaballero – @HomesUSA | Fb: /HomesUSAdotcom.
Observe for journalists: It’s possible you’ll contact Ben Caballero instantly on his cell at (214) 616-9222 or by e-mail at [email protected].
“REALTOR® is a federally registered collective membership mark which identifies an actual property skilled who’s member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics.”
Media Contact:
Kevin Hawkins
(206) 866-1220
[email protected]
Picture: Ben Caballero
https://www.homesusa.com/wp-content/uploads/2018/09/Ben-Caballero-Portrait-Gray-4288×2848.jpg
Particular person Chart photos:
Chart 1: Texas New Properties Monitoring – Days on Market – January 2022: https://homesusa.com/wp-content/uploads/2022/02/Chart-1-Texas-Days-on-Market.jpg
Chart 2: Texas New Residence Gross sales – January 2022: https://homesusa.com/wp-content/uploads/2022/02/Chart-2-Texas-New-Residence-Gross sales.jpg
Chart 3: Texas New Residence Gross sales Costs – January 2022: https://homesusa.com/wp-content/uploads/2022/02/Chart-3-Texas-New-Residence-Gross sales-Costs.jpg
Chart 4: Texas Gross sales-to-Listing-Worth Ratio – January 2022: https://homesusa.com/wp-content/uploads/2022/02/Chart-4-Texas-Gross sales-to-Listing-Worth-Ratio-1.jpg
Chart 5: Texas Pending New Residence Gross sales – January 2022: https://homesusa.com/wp-content/uploads/2022/02/Chart-5-Texas-Pending-New-Residence-Gross sales.jpg
Chart 6: Texas Energetic Listings for New Properties – January 2022: https://homesusa.com/wp-content/uploads/2022/02/Chart-6-Texas-Energetic-Listings.jpg
Chart A: Texas 12-Month Transferring Averages – New Properties – January 2022: https://homesusa.com/wp-content/uploads/2022/02/Chart-A-12MonthChart-DataOnly.jpg