DALLAS, Texas, March 22, 2022 (GLOBE NEWSWIRE) — Texas new houses gross sales remained sturdy final month – regardless of tight stock – with larger residence gross sales, a rise on the typical Days on Market, and a better common new residence worth statewide, based on the most recent month-to-month report from HomesUSA.com.
The three-month shifting common of Texas new residence gross sales exhibits February gross sales listed within the A number of Itemizing Providers elevated to three,633 from 3,584 in January. However stock challenges proceed because the 3-month shifting common for February exhibits lively listings reducing to 12,750 versus 13,753 in January.
Dallas-based HomesUSA.com additionally reviews 3-month shifting averages displaying the gross sales tempo of Texas’ new residence gross sales slowed barely final month. The common Days on Marketplace for a brand new residence in Texas was 58.90 days – up from 57.08 days in January, based on the HomesUSA.com New Dwelling Gross sales Index.
New residence costs statewide elevated final month. The three-month shifting common of latest residence sale costs was $433,223 versus $428,573 in January. Costs have been larger in Dallas-Ft. Value ($447,641 versus $442,969), Houston ($406,230 versus $397,535), and Austin ($561,134 versus $559,162). Nevertheless, the typical new residence worth was decrease in San Antonio ($365,178 versus $373,372).
The HomesUSA.com February 2022 new houses report for Texas that features Dallas-Ft. Value, Houston, Austin, and San Antonio options information from the North Texas Actual Property Data Methods, Houston Affiliation of REALTORS, Austin Board of REALTORS, and San Antonio Board of REALTORS.
“Texas’ new houses market continues to show in sturdy numbers and stays sturdy,” stated Ben Caballero, CEO of HomesUSA.com and a two-time world file holder for many residence gross sales. “Builders are constructing as quick as they’ll to fulfill regular demand,” Caballero added.
Caballero notes that builders are itemizing extra new houses within the MLS (A number of Itemizing Service), which stays essentially the most dependable and well timed supply of all residential gross sales exercise. New houses have been promoting so quick that builders haven’t been itemizing all their stock within the MLS, but that continues to enhance.
Caballero is sharing the HomesUSA.com New Properties Report upfront of the discharge by the Commerce Division of its nationwide New Residential Gross sales Report for February, set for Wednesday, March 23 at 10:00 am Jap.
Caballero famous this month-to-month HomesUSA.com report contains each 3-month and 12-month shifting averages for six important market information, together with Days on Market, gross sales quantity, gross sales costs, a sales-to-list worth ratio, pending gross sales, and lively listings. The three-month shifting common indices observe market seasonality, whereas the 12-month shifting common removes the seasonality and tracks the longer pattern.
Days on Market – New Properties in Texas (Unique Information)
The HomesUSA.com New Dwelling Gross sales Index confirmed the 3-month shifting common of Days on Market rose statewide and in three of the 4 Texas main new residence markets in February. Houston’s DOM was 74.08 days versus 70.77 days in January. In Austin, the DOM was 28.29 days versus 25.34 days in January. In San Antonio, the DOM was 51.80 days versus 50.28 days in January. Dallas-Ft. Value was the exception, as its DOM decreased to 52.04 days from 53.25 days in January. (See Chart 1: Texas New Properties Days on Market)
Texas New Dwelling Gross sales Information
Based mostly on all out there native MLS information, complete new residence gross sales in Texas have been larger statewide and in three of the 4 main new residence markets final month, based on the 3-month shifting common. In Houston, February complete gross sales have been 1,565 versus 1,521 in January. In Austin, February gross sales totaled 421 versus 415 in January. In San Antonio, new residence gross sales elevated to 433 from 428 in January. Dallas-Ft. Value was the one market with barely decrease residence gross sales, as February gross sales have been 1,214 versus 1,220 in January. (See Chart 2: Texas New Dwelling Gross sales)
Texas New Dwelling Costs
The common worth of latest houses in Texas exhibits larger costs statewide and in three of the 4 main new residence markets final month. Dallas-Ft. Value reported its 3-month shifting common worth for brand spanking new houses was larger in February at $447,641 versus $442,969 in January. Houston’s common new residence worth was additionally larger in February at $406,230 versus $397,535 in January. Austin’s 3-month shifting common worth – the very best among the many prime 4 markets, rose in February to $561,134 versus $559,162 in January. San Antonio was the exception, as the typical new residence worth was decrease in February at $365,178 versus $373,372 in January. (See Chart 3: Texas New Dwelling Costs)
Texas Gross sales-to-Listing Value Ratio
New residence gross sales statewide and in Dallas-Ft. Value, Houston, Austin, and San Antonio nonetheless hover near one hundred pc of the asking worth. Statewide, the 3-month shifting common of the sales-to-list worth ratio in February was 99.448 p.c versus 99.326 p.c in January. Dallas-Ft. Value was 100.059 p.c versus 99.868 p.c in January. In Houston, the ratio was 98.814 p.c versus 98.773 p.c in January. In Austin, the sales-to-price ratio in February was 100.319 p.c versus 99.959 p.c in January. San Antonio’s ratio final month was 99.253 p.c versus 99.143 p.c in January. (See Chart 4: Texas Gross sales-to-Listing Value 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 Texas’s 4 main new residence markets final month. Statewide MLS information exhibits pending gross sales in February have been 5,451 versus 4,999 in January. Dallas-Ft. Value pending gross sales in February have been 1,688 versus 1,618 in January. Houston’s February pending gross sales final month have been 2,159 versus 1,962 in January. Austin’s pending gross sales in February have been 658 versus 596 in January. In San Antonio, pending gross sales final month have been 946 versus 822 in January. (See Chart 5: Texas Pending New Dwelling Gross sales)
Texas Lively Listings for New Properties
MLS information exhibits the 3-month shifting common for lively listings statewide declined barely in February to 12,750 versus 13,753 in January. Final month, all 4 main Texas new residence markets posted decrease lively listings. Dallas-Ft. Value’s lively listings in February have been 1,691 versus 2,157 in January. Final month’s lively listings in Houston have been 7,514 versus 7,680 in January. February’s lively listings have been decrease at 1,679 versus 1,917 in January in Austin. San Antonio reported lively new residence listings in February have been 1,866 versus 1,998 in January. (See Chart 6: Texas Lively Listings and Chart A: 12-Month Shifting Averages)
In regards to the HomesUSA.com New Dwelling Gross sales Index
The HomesUSA.com Index is reported as each a 3-month and 12-month shifting common of the Days on Market (DOM) for brand spanking new houses listed within the native A number of Itemizing Providers (MLSs) for the 4 largest Texas markets, together with Dallas-Ft. Value, 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 contains houses listed whereas beneath development.
About Ben Caballero and HomesUSA.com®
Ben Caballero, founder and CEO of HomesUSA.com, is the world file holder for “Most annual residence sale transactions via MLS by a person sell-side actual property agent.” Ranked by REAL Tendencies as America’s prime 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 every year via 2018 when he achieved greater than $2 billion. An award-winning innovator and know-how pioneer, Ben works with greater than 60 residence builders in Dallas-Fort Value, Houston, Austin, and San Antonio. His podcast collection is accessible 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.
Notice for journalists: It’s possible you’ll contact Ben Caballero immediately 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 pictures:
Chart 1: Texas New Properties Monitoring – Days on Market – February 2022: https://homesusa.com/wp-content/uploads/2022/03/Chart-1-Texas-Days-on-Market.jpg
Chart 2: Texas New Dwelling Gross sales – February 2022: https://homesusa.com/wp-content/uploads/2022/03/Chart-2-Texas-New-Dwelling-Gross sales.jpg
Chart 3: Texas New Dwelling Gross sales Costs – February 2022: https://homesusa.com/wp-content/uploads/2022/03/Chart-3-Texas-New-Dwelling-Gross sales-Costs.jpg
Chart 4: Texas Gross sales-to-Listing-Value Ratio – February 2022: https://homesusa.com/wp-content/uploads/2022/03/Chart-4-Texas-Gross sales-to-Listing-Value-Ratio.jpg
Chart 5: Texas Pending New Dwelling Gross sales – February 2022: https://homesusa.com/wp-content/uploads/2022/03/Chart-5-Texas-Pending-New-Dwelling-Gross sales.jpg
Chart 6: Texas Lively Listings for New Properties – February 2022: https://homesusa.com/wp-content/uploads/2022/03/Chart-6-Texas-Lively-Listings.jpg
Chart A: Texas 12-Month Shifting Averages – New Properties – February 2022: https://homesusa.com/wp-content/uploads/2022/03/Chart-A-12MonthChart-DataOnly.jpg