By the Numbers
These are the new Texas listings with the highest price tags. All properties were listed in the last month.
The National Association of REALTORS’® Pending Home Sales Index rose 2% month over month in February, topping an expected 0.9% gain.
Nationally, home sales were down 2.6% year over year and up 8.4% month over month, RE/MAX said.
The Big D is a perfect match for homeowners looking to downsize in their golden years, according to research from Mirador Living.
The median existing-home price was also on the upswing last month, providing homeowners a bit of refuge as the stock market undergoes a correction, Chief Economist Lawrence Yun said in the monthly report.
The pace of new-home construction was higher than economists expected, even as homebuilders expressed concern about the impact of tariffs and supply-side challenges.
While Texas home sales remained steady year over year, buyers enjoyed more options in 2024, according to the Texas Real Estate Year in Review report from Texas REALTORS®.
Falling consumer sentiment suggests potential homebuyers are wary of the short-term economic outlook and future inflation, CoreLogic Chief Economist Selma Hepp said.
Please note the tie for the sixth-most expensive listings.
At the same time, the median sales price for a new home hit its highest level since 2022, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
In Dallas, home prices posted a 1.61% year-over-year gain in December, while they slid 0.01% month over month.
At the same time, builder sales expectations for the next six months posted their second-largest drop since the sentiment index started in 1985.
A majority of the most expensive new listings in Texas are located in the Dallas area, although the priciest new listing is located in Manor, an Austin suburb.
On a city basis, Chicago posted the highest annual increase among the country’s 20 largest metros, followed by Miami, Las Vegas and Washington, D.C.
The median existing-home price for all housing types in December rose 6% from its year-ago level.
Frisco and McKinney are the U.S. cities that have added the most housing inventory since 2005, according to a report from StorageCafe.
