Texas Homebuyers Had More Homes to Choose from in Q1 of 2025

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Apr 22, 2025, 09:20 ET

Prices Were Similar to the Previous Year.

AUSTIN, Texas, April 22, 2025 /PRNewswire/ -- Statewide, the median Texas home sales price of $331,000 was only 0.3% higher in early 2025 than at the same time last year, but active listings were up 30.7%, according to the 2025 Q1 Texas Quarterly Housing Report released today by Texas Realtors. The 70,944 sales that closed represented a 1.5% decline. Texas homes stayed on the market an average of 72 days, which was a one-week increase compared to the same period last year. Months of inventory (4.8) was up by more than a month.

Greater choice for Texas buyers

Active listings increased in all markets. Houston had the most active listings, with 33,374. That was an increase of 38%, the biggest change in any of the four largest markets, and in smaller markets was only outpaced by McAllen at 38.8% and San Angelo at 38.9%.

"Buyers had more opportunities and a little more breathing room to consider their options in the first months of this year compared to last year," said Christy Gessler, Chairman of Texas Realtors. "But prices and sales did not shift much in either direction in most Texas markets."

Markets differed on sales and prices, but changes were generally minor

Comparing the first quarter this year with last year, the number of closed sales rose in 9 markets and fell in 17. Most increases and decreases were small. Dallas had the most closed sales.

Median home prices were up in 18 markets and down in 8. Days on the market increased in 23 markets and decreased in 3.

Home inventory moves into "balanced" category

Months of inventory, which measures how long it would take to sell the homes currently on the market at the current pace of sales, increased from 3.7 months at the end of the first quarter last year to 4.8 months at the same time this year. Four to five months of inventory generally indicates a market balanced between supply and demand, according to analysts at the Texas Real Estate Research Center. Every market had an increase in months of inventory or had no change.

"Housing market dynamics can shift quickly," said Gessler. "Each area is unique, and Texas Realtors are uniquely prepared to adapt to changes as they happen. Realtors have access to the most accurate data and, crucially, they can interpret it to help buyers and sellers make good decisions and realize their dreams."

About the 2025 Q1 Texas Quarterly Housing Report
Data for the Texas Quarterly Housing Report is provided by the Data Relevance Project, a partnership among local REALTOR® associations and their MLSs, and Texas REALTORS®, with analysis by the Texas Real Estate Research Center at Texas A&M University. The report provides quarterly real estate sales data for Texas and 26 metropolitan statistical areas in the state. The Texas Real Estate Year-in-Review Report in February is released in lieu of the Q4 report. Note that statistical comparisons to prior Texas Quarterly Housing Reports may not be valid due to external factors such as MSA boundaries being redrawn by the U.S. Office of Budget and Management.

About Texas Realtors
With more than 140,000 members, Texas REALTORS® is a professional membership organization that represents all aspects of real estate in Texas. We are the advocate for REALTORS® and private property rights in Texas.

CONTACT
David Gibbs
Hahn Agency
[email protected]

SOURCE Texas Realtors