Houston real estate sees uptick in new-home sales

by Lindsey Wells

Houston’s housing supply challenges were no match for new-home sales last month, according to the latest monthly report from HomesUSA.

The three-month moving average of Houston new-home sales shows sales listed in the Multiple Listing Service (MLS) in April increased month over month from 1,635 to 1,775.

However, the three-month moving average shows active listings falling to 7,208 from March’s 7,426 due to limited inventory.

The report, which includes findings for Houston, Dallas-Fort Worth, Austin and San Antonio, is based on data from the Houston Association of REALTORS®, North Texas Real Estate Information Systems, Austin Board of REALTORS® and San Antonio Board of REALTORS®.

The report also revealed that homes stayed on the market slightly longer and sold at higher-than-average prices in April. Last month’s three-month moving average of new-home sales prices was $414,058 versus March’s $410,124, an 11% year-over-year increase.

“Builders are increasing production, but the Houston new-homes market’s resilience is challenging their efforts to meet the demand,” said Ben Caballero, CEO of HomesUSA.com. “Sales were up locally last month as builders see unrelenting demand.”

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