DALLAS, TX — Oct. 24, 2018 — The pace of new home sales improved statewide, even though new home sales prices went up last month statewide and in all four of the state’s largest markets, according to HomesUSA.com™. The HomesUSA.com™ New Home Sales Index showed its Days on Market (DOM) for new home sales statewide in September was 112.70 days, down from 112.97 days in August. Average new home prices in Dallas-Ft. Worth, Houston, Austin, and San Antonio all increased last month, as the statewide average rose from $353,668 in August to $355,821 in September, the company reported.
The HomesUSA.com™ Index shows the Days on Market for Dallas-Ft. Worth, the state and nation’s biggest new home market in total sales volume, improved from 115.15 days in August to 114.46 days in September. San Antonio’s DOM also improved from 107.20 days in August to 106.56 days in September. Austin’s DOM worsened, increasing from 113.40 days in August to 114.28 days in September. (Due to technical issues the Houston Association of Realtors is experiencing, they are unable to provide Days on Market data. This report will be updated when data is provided.)
“Builders are delighted to see the resiliency of the Texas new home market,” said Ben Caballero, owner of HomesUSA.com™. See Grid 1 and Chart 1.
The big news for September was the increase in the average price of new home sales in Texas across the board. In Dallas-Ft. Worth, the average new home price in September was $371,985, up from $369,283 in August. In Houston, the average new home price in September was $357,364, up from $354,838 in August. In Austin, the average new home price in September was $368,125, up from $366,435 in August. And in San Antonio, the average new home price in September was $294,483, up from $294,154 in August. See Grid 2.
“Texas continues to lead the nation in new home sales,” said Caballero. “Despite higher home prices, the state is still performing at record new home sales numbers,” he noted, citing other information released today and compiled by HomesUSA.com™ from local MLS and trade associations, including the Houston Association of REALTORS, North Texas Real Estate Information Systems, San Antonio Board of REALTORS and the Austin Board of REALTORS.
Real estate’s first Guinness World Records holder for home sales1, Caballero, is sharing this Texas new homes data in tandem with this morning’s announcement by the Commerce Department on New Home Sales for September. The Commerce Department issues its nationwide new home construction data at 10:00 am Eastern, Wednesday, October 24, 2018.
NUMBER OF HOME SALES BY CITY
Three of the four largest new home building markets in Texas showed higher total sales last month. Statewide new homes sales for September averaged 3,800 for the month, up from 3,790 for August. New home sales in Dallas-Ft. Worth posted a 12-month rolling average of 1,339 new home sales for September, up from 1,333 home sales for August. New home sales were also higher in Austin, up from 666 home sales in August to 668 home sales in September. In San Antonio, home sales were higher last month with 516 sales in September, up from 514 home sales in August.
Houston was the only major Texas market that showed a decrease in new home sales, albeit a minuscule one: September new home sales were 1,277, down from 1,278 new home sales in August. See Grid 3.
About the HomesUSA.com™ New Home Sales Index
The HomesUSA.com™ Index is a 12-month rolling average of the Days on Market (DOM) for new homes listed in the local Multiple Listing Services (MLSs) for the four largest Texas markets, including Dallas-Ft. Worth, Houston, Austin, and San Antonio. Created by Ben Caballero, founder, and CEO of HomesUSA.com and the most productive real estate agent in the world, it is the first index to track the sale pace of new home sales specifically.
About Ben Caballero and HomesUSA.com™
Ben Caballero is a Guinness World Record holder1, earning him the reputation as the world’s most productive real estate agent. Top-ranked in America by REAL Trends since 2013, as published in the Wall Street Journal, he is also the only agent to exceed $1 billion in residential sales transactions in a single year; a feat first achieved in 2015 and repeated each year since. An award-winning innovator, Caballero is the founder and CEO of HomesUSA.com™, Inc., working with more than 60 home builders in Dallas-Fort Worth, Houston, Austin and San Antonio. Learn more at HomesUSA.com™ |Twitter: @bcaballero – @HomesUSA | Facebook: /HomesUSAdotcom.
1 “Most annual home sale transactions through MLS by an individual sell side real estate agent – current.” – Guinness World Records – awarded 2018
Note for journalists: You may contact Ben Caballero directly on his cell at (214) 616-9222 or by email at firstname.lastname@example.org.