Housing Supply:
- Texas housing supply has increased by 16% year-over-year
- Current inventory stands at approximately 5 months of supply across the state
Demand:
- Demand for Texas housing has decreased by 3.7% compared to last year
- Price reductions on active listings remain consistent with the previous year
- Properties are selling for approximately 97% of the asking price
Migration:
- Net positive, with over 4,000 more people looking to move into Texas out of the state
Economic Outlook:
- Further rate cuts may be necessary to significantly boost economic activity
- Markets display optimism about the overall economic trajectory
- The economy shows resilience, though growth is not particularly strong
- Recent 50 basis point rate cut was beneficial but not transformative
Dallas • Fort Worth • Arlington
College Station • Bryan
Austin • Round Rock
Houston • The Woodlands • Sugarland
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The Texas Real Estate Research Center is a valuable resource for real estate professionals, investors, and anyone interested in learning more about the Texas real estate market.
