TEXAS (HomesUSA.com) – February 26, 2019 – The average new home price in Texas rose by nearly $1,500 to $358,880 in January, according to HomesUSA.com
The average new home price statewide rose by $1,446 to $358,880 in January, up 0.4 percent from $357,434 in December, according to the survey. The index tracks a 12-month rolling average of sales based on data from local Multiple Listing Services in Houston, North Texas, San Antonio and Austin.
Sales volume in the four largest markets was essentially flat in January compared December, with with each city experiencing a drop of six or fewer transactions.
“We’ve been on a record-breaking pace for new home sales for so long, it’s not surprising to see that the market appears to be leveling off,” HomesUSA.com owner Ben Caballero said in an announcement. “But we also are about to head into the spring sales season.”
HomesUSA.com lists and sells houses for more than 60 homebuilders in Texas.