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    Slipping sales

    Houston's new-home sales cool off over summer 2019, new data shows

    John Egan
    Aug 22, 2019 | 9:15 am
    Austin Photo Set: News_steven_home buying need a job to qualify_may 2012_sold house
    Sales declined between June and July, but year-over-year sales are up in Houston.
    Courtesy photo

    It may be hot as you-know-what outside, but the new-home market in Houston is cooling off just a tad, according to data compiled by HomesUSA.com.

    New-home sales in Houston totaled 1,297 in July, down 6.6 percent from 1,388 in June but up 3.3 percent from 1,256 in July 2018, HomesUSA.com says in an August 19 release.

    Meanwhile, the average price of a new home in Houston has held fairly steady over the past year. The average price in July was $357,118, compared with $358,810 in June and $355,842 last July, according to Addison, Texas-based HomesUSA.com, whose technology platform helps builders sell homes.

    The state’s three other major metro areas saw similar trends in new-home sales, the HomesUSA.com data shows.

    Ben Caballero, founder and CEO of HomesUSA.com, says all four of Texas’ major new-home markets remain healthy.

    “After a good 2018, the market is steady, but as last fall proved, it is very sensitive to interest rates,” Caballero says. “At the moment, I expect a good market and expect prices to be in check due to builder competition. With current interest rates, this is a good time to buy.”

    The most dramatic change outside Houston happened in San Antonio. There, the average number of new-home sales dropped 13.1 percent from June to July (going from 534 to 491). The decline from July 2018 (519 sales) to July 2019 was 5.4 percent, HomesUSA.com says.

    At the other end of the spectrum, Austin experienced the smallest year-over-year decline in average new-home sales — from 667 in July 2018 to 653 in July 2019, a decrease of 2.1 percent. The month-to-month fall-off was bigger, however, with the number shrinking 6.7 percent from June 2019 (700 sales) to July 2019.

    Similarly, Dallas-Fort Worth witnessed a 6.9 percent drop in new-home sales from June to July 2019 (1,364 to 1,270), along with a 2.8 percent year-over-year decrease from the 1,306 sales in July 2018.

    The waning number of new-home sales in Austin, San Antonio, and DFW coincided with a slight overall uptick in new-home prices, according to HomesUSA.com.

    Austin witnessed the biggest jump in average new-home prices, the HomesUSA.com data indicates. The average price in July 2019 was $372,365, up 1.9 percent from July 2018 ($365,495) and up 1.5 percent from June 2019 ($367,041).

    San Antonio saw less movement in prices than Austin. The average new-home sale price in San Antonio stood at $299,151 in July 2019, up from 1.8 percent in July 2018 ($293,842) and up 0.6 percent from June 2019 ($297,387), HomesUSA.com says.

    In DFW, new-home prices barely budged. The average price in July 2019 was $375,694, up 0.5 percent from June 2019 ($373,960) but down 0.2 percent from July 2018 ($376,596).

    HomesUSA.com relied on Multiple Listing Service data from Realtors groups in Houston, Austin, San Antonio, and DFW to produce its analysis.

    rankingstrendslistshome-for-sale
    news/real-estate

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    luxury real estate

    Houston had 2nd-highest share of luxury home sales in Texas in 2025

    Amber Heckler
    Jan 9, 2026 | 9:15 am
    10106 Meadow Lake Lane, Houston luxury home for sale
    Estately.com/
    This home at 10106 Meadow Lake Ln. in Houston's Briargrove Park neighborhood is on the market for $1.95 million.

    A new luxury real estate report reveals Texas broke a record for the highest number of million-dollar homes sold from November 2024 to October 2025, and the Houston-Pasadena-The Woodlands metro boasted the second-largest share of million-dollar home sales statewide.

    A total of 14,418 Texas homes were sold for at least $1 million last year, generating a record-breaking $24.5 billion, according to Texas Realtors' 2025 Texas Sales of Million-Dollar Homes Report. The number of luxury home sales in the state soared 12 percent compared to the previous year.

    Million-dollar home sales in the Houston metro made up 27 percent of all luxury home sale transactions in Texas during the 12-month period, the report found. The total sales dollar volume of Houston-area homes that sold for $1 million or more added up to about $6.8 billion last year, or about $1.1 billion more than it did during the previous period from November 2023 to October 2024.

    Nearly 3,950 million-dollar homes were sold in the Houston region at an average price of $379 per square foot. For comparison, the average price per square foot for all residential homes in the metro was $176.

    Both figures are lower than the statewide average, according to Texas Realtors.

    "The average price per square foot of $1 million+ homes increased to $423 from $418 last year and was more than double the $188 average price per square foot of all Texas homes," the report said.

    Houston also had the second-highest median closing price for its million-dollar homes statewide, at about $1.39 million.

    Furthermore, Houston's luxury homes are significantly larger the typical residential home in the metro. A million-dollar home in the metro spanned 4,397 square feet, compared to 2,115 median square feet for all residential homes.

    "High-end homes continue to be a small but mighty segment of the market," said Texas Realtors chairman Jennifer Wauhob in a press release. "Texans remain confident in the value of these properties, whether they are drawn to outstanding amenities, prime locations, or both."

    Elsewhere in Texas, Dallas-Fort Worth Arlington saw the No. 1 highest share of million-dollar home sales in Texas, at 38 percent, followed by Austin-Round Rock-San Marcos (19 percent), the rest of Texas (11 percent), and San Antonio-New Braunfels (5 percent).

    housing marketmillion dollar homesluxury real estatetexas realtors
    news/real-estate
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