Per Homes.com Texas Real Estate Sales Prices Slip in the state’s 4 biggest housing markets
Texas sales prices slip in the state’s four biggest housing markets
Austin, San Antonio saw the sharpest drops in April, while Dallas-Fort Worth seen as most stable among the state’s largest metropolitan areas
Key takeaways
- Home prices declined year over year in all four major Texas metropolitan areas in April, with Austin posting the largest decline and Dallas-Fort Worth showing the greatest stability.
- Inventory is generally high across Texas, with Houston’s supply still at record highs, but listings fell in greater Austin, bucking the broader trend.
- Houston and San Antonio remain more affordable than Dallas-Fort Worth and Austin, with both markets seeing price pressure tied to rising listings and slower demand.
Across Texas’ four largest metropolitan areas, the latest housing data shows variation across inventory and sales trends, but one trend is consistent — sales prices are dropping.
The latest housing reports from Homes.com, examining data from April sales across 40 metropolitan areas nationwide, found that median home prices from April 2025 to April 2026 in Texas’s largest regions — Austin, Dallas-Fort Worth, Houston and San Antonio — all declined.
That bucks the national trend, as median prices rose 1.7% year over year across the country. The Texas markets ranked among the 12 lowest nationwide in year-over-year sales price changes; 13 of the 40 markets saw a decline.
Of the four, however, data points to the Dallas-Fort Worth housing report being perhaps the most stable, with prices dropping just 0.1% year over year in April.
“While all Texas markets saw price declines, Dallas-Fort Worth reported the most stable prices in April,” Bill Kitchens, senior director of market analytics in Dallas-Fort Worth for Homes.com, said in the report, adding that the market’s sale prices sit second-highest in the state, behind Austin.
Dallas-Fort Worth also led the state in home sales and year-over-year sales growth, while experiencing a slowdown in inventory growth. Although the market saw a rise in active listings from March to April and still sits second in the country, active listings rose 3% year over year after an 8% year-over-year spike in March.
“The pace of inventory growth has softened, and prices remain mostly unchanged as the market moves further into the spring selling season, underscoring stabilizing conditions,” Kitchens said in the report.
This comes as Dallas leads the nation in new-home construction activity, a recent Consumer Affairs study found. In the first couple of months of 2026, the city saw 11,327 new building permits issued and 3,009 new homes sold.
Texas dominated the list with all four major cities cracking the top 10 and Houston just behind Dallas in second place. Sun Belt cities accounted for eight of the 10.
Find the other Texas housing market reports below:
Houston’s record listings keep climbing
Farther south near the Gulf Coast, Houston’s inventory keeps rising and setting new records. A month after exceeding 40,700 active listings in March, the city added over 2,000 more in April, leading the nation again.
Itziar Aguirre, senior director of market analytics in Houston for Homes.com, said in her report that listings are up 11% year over year from April 2025, with 4,400 more homes on the market.
“More sellers entered the market after delaying sales of homes financed with low mortgage rates,” Aguirre said. “Market times remain elevated, with median days on market near 70, which is well above pandemic lows — sub-50 in March 2022.”
Meanwhile, in Central Texas, greater Austin was the lone market to see a drop in active listings, falling 0.2% from April 2025 to 15,090 active listings last month. Israel Linares, senior market analyst in Austin for Homes.com, said the trend shows “signs of stabilization,” crediting a drop in single-family inventory.
Sales boom in Central Texas markets as prices plummet
With Austin’s declining inventory, sales spiked. The market led the state with an 8.4% year-over-year sales growth in April, the fourth-highest among the 40 markets studied by Homes.com.
“Population growth and job creation continued to support housing demand across both the urban core and fast-growing suburbs,” Linares said, citing 18,700 jobs added over the last year, according to the U.S. Bureau of Labor Statistics. “The metro's annual growth rate of 1.3% ranked among the highest in the country.”
But San Antonio wasn’t far behind Austin with an 8.2% increase in home sales year over year from April 2025, despite a 2.6% bump in inventory over that same time period. Austin and San Antonio saw the two largest year-over-year declines in median sale prices in April.
“Falling prices throughout Central Texas indicate that sellers are accepting less for their homes,” said Danny Khalil, director of market analytics in San Antonio for Homes.com. “This has led to an increase in home sales throughout the region, with both Austin and San Antonio ranking among the top five markets in the country in terms of their increase in closings over the past year.”
San Antonio’s median sales price in April was $303,000, the sixth lowest of the 40 markets studied by Homes.com.
“Buyers have not seen lower pricing at the beginning of the spring homebuying season in San Antonio since April 2021, when mortgage interest rates were near historic lows,” Khalil said in the report.
Related article:
Homes.com follows strict editorial standards to provide you real estate news you can trust. Read our Editorial Policy.
Comments
Post a Comment