By the Numbers
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Agents from Moreland Properties are responsible for the most expensive and second-most expensive new listings in the state of Texas.
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The median price of a new home sold during the month fell to $418,800 from $433,100 in August, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.
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The median existing-home price for all housing types in September was $394,300, up 2.8% from $383,500 in September 2022.
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Specifically, single-family homes were built at a seasonally adjusted annual rate of 963,000, up 3.2% from 933,000 in August and up 8.6% from 887,000 a year earlier, according to government figures.
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A 15% rise in applications for adjustable-rate mortgages drove overall mortgage applications higher in the most recent weekly survey.
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Here are the priciest new listings for sale in The Lone Star State, all posted to the Multiple Listing Service within the past 30 days.
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Point2Homes analyzed listings in every U.S. state and Washington, D.C. to determine the most expensive home for sale in each.
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Regionally, pending sales were down across the board on both a monthly and an annual basis, the National Association of REALTORS® said.
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Total housing inventory at the end of August was 1.11 million units, up 3.7% from July but down 14.6% on a year-over-year basis, the National Association of REALTORS® said.
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CoreLogic expects prices to continue to grow through next year, albeit at a more traditional pace than in the height of the pandemic.
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Luxury homes in the Dallas-Fort Worth area make up a majority of the priciest new listings from the past month.
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Pending transactions were in negative territory for most of this year, so the recent increases could bode well for future activity.
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A fifth consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index suggests the housing market recovery that began earlier this year is likely to continue.
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Two weeks after housing inventory turned negative, home prices posted a healthy increase, MarketNsight said.
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High mortgage rates and limited inventory continued to weigh on sales activity, National Association of REALTORS®Chief Economist Lawrence Yun said.
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Single-family home permits and completions, meanwhile, also rose, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.