Soaring interest rates and rising construction put a lid on new home prices in Houston

Both would-be homebuyers and home builders are taking a beating in the current market.

Al Ortiz | Houston Public Media

Andrew Schneider, Politics & Government Reporter | Posted on December 21, 2022

The average price of a new home in Houston is leveling off, according to a report by Dallas-based real estate firm HomesUSA. But that price is still a long way from being affordable for the average would-be homebuyer.

The average price of a new home in Houston in November was $427,038, down from $429,205 in October.

The report points to a combination of rising inventory and slowing demand for the plateauing of prices in the Houston area. Much of the slowdown in demand stems from spiking interest rates…more


Interested? Call or Email Us

We are here to support your sales and marketing goals. We are happy to answer any questions you might have.

Ask us about receiving a FREE price comparison report analysis on your new home listings.

Connect With Us!