New Home Sales Slow in Two Top Texas Metros

The pace of new home sales in March 2017 slowed in the Dallas-Fort Worth and Houston metros, according to information from HomesUSA.com. The company’s New Homes Sales Index indicated that Days on Market for new homes sold in these two metros increased slightly from February 2017 to March. Overall, in Texas, Days on Market increased from 120.64 (February) to 121.60 (March).

Ben Caballero with HomesUSA.com noted that the pace in Dallas-Fort Worth slowed in early 2016, with Houston’s pace slowing before that, due to depressed oil prices. Meanwhile, in Austin and San Antonio things were different, with Days on Market decreasing month over month.

“The Austin economy is less sensitive to downturns, due to being the state capital, its growing status as a technology center, and being the home of the University of Texas,” he noted. As for San Antonio, its military presence means “many military retirees continue to make their homes there.”

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