Per Homes.com: Texas homebuyers face less competition, more options in today’s market Texas Realtors' annual survey shows it's a good time to be a buyer
Texas homebuyers face less competition, more options in today’s market
Texas Realtors' annual survey shows it's a good time to be a buyer. Click here for the direct actual Homes.com Article.
Key takeaways:
- Texas homebuyers are seeing less competition, as a Texas Realtors' survey found 69% of agents representing buyers faced no competing offers, up from 57% in 2025.
- Mortgage rates have reached a three-year high, yet Texas buyers are adjusting by avoiding stretching their budgets or overpaying for homes.
- In the Austin area, the median home price fell 7.8% year over year to $415,000 in August in what one broker called a buyer's market.
While higher interest rates and inflation remain barriers to buying homes for many, some Texans taking the plunge into homeownership are facing less competition with more options on the market.
A survey from Texas Realtors, a professional organization with more than 145,000 members across the state, found that 69% of responding agents who represented buyers this year faced no competition from other offers, up from 57% in 2025.
The annual Texas Homebuying Experience report released this week found that more agents representing buyers also reported having “many” homes available and “plenty” of time in their home search compared to 2025.
"Buyers are benefiting from more choices and more time to make decisions, but many are facing affordability challenges," Texas Realtors Chair Jennifer Wauhob said in a release.
The 30-year, fixed-rate mortgage reached a three-year high for back-to-back weeks, averaging 7.4%, according to Freddie Mac’s weekly data. Nationally, the median sales price was $395,000 in August, up 2.1% from the same month in 2025 and 36% from five years ago, per data from the latest Homes.com national housing market report.
But Texas buyers seem to be adapting to higher interest rates and pricing, according to the Texas Realtors' survey, which showed buyers are less likely to stretch their price range and pay more than their original target price.
“Buyers are in a great position right now,” Austin-area broker Eric Bramlett, owner of Bramlett Partners, told Homes.com News.
Bramlett wasn’t surprised by the survey data, especially in Austin, which he said has been a buyer’s market for the last three or four years.
“We hit the gas really hard in the COVID boom and then hit the brakes really hard in 2022,” he said about Austin’s housing market. “The rest of Texas and the U.S. has caught up to us unfortunately.”
Greater Austin’s annual median list price reached an all-time high of $555,400 in 2022, but prices have since declined. The median price in the Austin area was $415,000 in August, per Homes.com's latest Austin housing market report, down 7.8% from August 2025 — the largest dip of all 40 markets studied by Homes.com.
If there’s one drawback to the market, though, Bramlett said, it’s that buyers who fall in love with a specific listing may not get sellers to budge on pricing. He said there’s “a lot of inventory” on the market because “sellers don’t want to meet the buyers where they want to be.”
Although some sellers prefer to play the waiting game — continuing to live in their homes or rent them — Bramlett still emphasized the long-term strength of real estate. The average Austin buyer lives in a home for eight years, he said.
“Now is a great time to buy,” said Bramlett.
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