The speed of new home sales in Texas continued to improve in August according to HomesUSA.com
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The speed of new home sales in Texas continued to improve in August according to HomesUSA.com.
Three of the four largest Texas markets showed some improvement with San Antonio alone exception. New home sales in Houston (before Hurricane Harvey), Dallas-Fort Worth and Austin all saw the number of days on market decrease from July.
The rolling 12-month average of monthly new home sales increased from 3,076.333 in July to 3,169.92 in August. Sales were up in three of the four major new home markets in Texas, with San Antonio, once again, the exception.
From a buyer's perspective, prices improved in August for new homes in all four major Texas markets.
Statewide, the rolling 12-month average for new home dropped from $365,993 in July to $364,747 in August.
"While we have not yet seen the impact of Hurricane Irma on new home sales in Texas, we do know that the like the Texas summer, new homes sales were hot," said Caballero. "And there was excellent news for home buyers, with new home prices showing improvement in every market," he added.
Three of the four largest Texas markets showed some improvement with San Antonio alone exception. New home sales in Houston (before Hurricane Harvey), Dallas-Fort Worth and Austin all saw the number of days on market decrease from July.
The rolling 12-month average of monthly new home sales increased from 3,076.333 in July to 3,169.92 in August. Sales were up in three of the four major new home markets in Texas, with San Antonio, once again, the exception.
From a buyer's perspective, prices improved in August for new homes in all four major Texas markets.
Statewide, the rolling 12-month average for new home dropped from $365,993 in July to $364,747 in August.
"While we have not yet seen the impact of Hurricane Irma on new home sales in Texas, we do know that the like the Texas summer, new homes sales were hot," said Caballero. "And there was excellent news for home buyers, with new home prices showing improvement in every market," he added.
