The Steamboat Group Real Estate analyzed home ages in every state across the country and found that in Texas, 22.5% of all homes were built in the last 15 years.

Boutique brokerages are prominently featured on this month’s ranking of the 10 most expensive new listings in the Lone Star State.

May’s 1.8% monthly gain follows a 6.3% drop in April, the National Association of REALTORS® said. 

Pending new-home sales also increased, with 2,692 homes going under contract. That’s about 11 more homes than in April.

The pace of home-price appreciation slowed to its most modest pace since 2023, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. 

The median-sales price for an existing home rose 1.3% year over year to $422,800. 

Additionally, the median price increased 1.2% year over year to $339,000.

Buyers were willing to pay $1,597 more for a home with an olive-green kitchen, and navy-blue bedrooms boosted a home’s value by $1,815.

Homebuilder sentiment recently reached its third-lowest level since 2012. 

The Mortgage Bankers Association said the post-Memorial Day increase came despite economic uncertainty and largely static interest rates. 

Closings also decreased 2.5% year over year. Approximately 27% of all homes sold during the month fell in the $300,000 to $399,000 range.

T3 Sixty said the difference between real estate agents who subscribe to MLSs but are not Realtors and Realtor-subscribers hit 25%, the highest on record. 

Using data from the U.S. Census Bureau, the real estate market research company studied 20 of the largest U.S. metros by population. Their findings showed that many suburbs, including several around Dallas, have recently shifted to majority-renter populations.

In addition to a low crime rates and low traffic fatality rates, the Dallas-area suburb offers good options for childhood education, with over 55% of local schools having at least a seven out of 10 ranking.

The Northeast and Midwest remained strong, while Florida, which saw a major runup in prices in recent years, continued to cool. 

The top four most expensive homes listed in Texas last month are located in the Dallas-Fort Worth Metroplex.