At the same time, the pace of existing-home sales declined from May’s level. 

New single-family home construction declined as builders continue to grapple with macroeconomic headwinds. 

Purchase applications slowed to their lowest level since May as economic worries dampened activity, the Mortgage Bankers Association said. 

GoBankingRates looked at cities with 5,000 or more households and narrowed it down to the 50 cities with the highest average household income.

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. 

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. 

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. 

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.

The 6.3% month-over-month decline was the steepest the U.S. market has seen since September 2022. 

In Dallas, home prices inched up 0.19% year over year and 0.52% month over month in March. 

The median-sales price was $440,000, up 2.3% year over year and 1.2% month over month.