DALLAS, Sept. 26, 2018 (GLOBE NEWSWIRE) -- The pace of new home sales remained stable statewide, according to the HomesUSA.com New Home Sales Index, while other data shows a record total new home sales average in Texas for the year. The new home sales pace in Dallas-Ft. Worth, Austin, and San Antonio remained roughly unchanged for August, as the Days on Market (DOM) for new home sales statewide remained nearly flat at 112.97 days last month versus 112.70 days in July. (Due to technical issues the Houston Association of Realtors is experiencing, they are unable to provide Days on Market data. This report will be updated when data is provided.)
The HomesUSA.com Index shows the Days on Market for Dallas-Ft. Worth, the state and nation’s biggest new home market in total sales volume, was relatively flat up from 114.71 days in July to August at 115.15 days in August. Austin’s DOM was essentially flat from 113.38 days in July to 113.40 days in August. San Antonio showed almost the same pattern, as its DOM was down slightly from 107.45 days in July to 107.20 days in August. “Seasonality remains the most likely reason for these flat numbers,” said Ben Caballero, owner of HomesUSA.com. (See Chart 1: Grid - Days on Market; Chart 2 – Tracking - Days on Market)
The big news for August was the record average of new home sales in Texas registered last month. The rolling average of total new home sales in the four largest market – Dallas-Ft. Worth, Houston, Austin and San Antonio – was 3,790 total home sales. That's the highest level for the year, up from the previous high of 3,743 recorded the prior month in July.
“Texas new sales numbers continue to amaze,” said Caballero. “Even in Houston, total new home sales continue to improve each month while Dallas-Ft. Worth continues to report solid sales,” he noted, citing other information released today and compiled by HomesUSA.com from local MLS and trade associations, including the Houston Association of REALTORS, North Texas Real Estate Information Systems, San Antonio Board of REALTORS and the Austin Board of REALTORS.
Real estate’s first Guinness World Records holder for home sales1, Caballero, is sharing this Texas new homes data in tandem with this morning’s announcement by the Commerce Department on New Home Sales for August. The Commerce Department issues its nationwide new home construction data at 10:00 am Eastern, Wednesday, September 26, 2018.
NUMBER OF HOME SALES BY CITY
Three of the four largest new home building markets in Texas showed higher total sales last month, except its largest: Dallas-Ft. Worth. New home sales in Dallas-Ft. Worth remained flat, with 1,333 average home sales for both July and August.
Houston new home sales in August were 1,278, up from 1,241 in July. New home sales also higher in Austin, up from 661 sales in July to 666 sales in August. In San Antonio, home sales were higher last month with 514 sales in August, up from 508 sales in July. (See Chart 3 – Texas New Home Sales: Grid)
NEW HOME PRICES ROSE SLIGHTLY IN AUGUST
In Texas, new home prices rose slightly statewide as the average price increased from $352,409 in July to $353,668 in August. In the four major cities, new home pricing trends were mixed. In Austin, the average new home price decreased slightly from $366,504 in July to $366,435 in August. In Houston, the average new home price went down slightly from $356,877 in July to $354,838 in August.
Dallas-Ft. Worth had the largest increase in new home prices. Its average new home price jumped from $364,552 in July to $369,283 in August. San Antonio saw its average new home price increase slightly from $293,906 in July to $294,154 in August. (See Chart 4 – Texas New Home Sales Prices: Grid)
About the HomesUSA.com New Home Sales Index
The HomesUSA.com Index is a 12-month rolling average of the Days on Market (DOM) for new homes listed in the local Multiple Listing Services (MLSs) for the four largest Texas markets, including Dallas-Ft. Worth, Houston, Austin, and San Antonio. Created by Ben Caballero, founder and CEO of HomesUSA.com and the most productive real estate agent in the world, it is the first index to track the sale pace of new home sales specifically.
About Ben Caballero and HomesUSA.com®
Ben Caballero is a Guinness World Record holder1, earning him the reputation as the world’s most productive real estate agent. Top-ranked in America by REAL Trends since 2013, as published in the Wall Street Journal, he is also the only agent to exceed $1 billion in residential sales transactions in a single year; a feat first achieved in 2015 and repeated each year since. An award-winning innovator, Caballero is the founder and CEO of HomesUSA.com, Inc., working with more than 60 home builders in Dallas-Fort Worth, Houston, Austin and San Antonio. Learn more at HomesUSA.com |Twitter: @bcaballero - @HomesUSA | Facebook: /HomesUSAdotcom.
1 “Most annual home sale transactions through MLS by an individual sell side real estate agent - current.” – Guinness World Records – awarded 2018
Note for journalists: You may contact Ben Caballero directly on his cell at (214) 616-9222 or by email at ben@homesusa.com.
Media Contact:
Kevin Hawkins
(206) 866-1220
kevin@wavgroup.com
Images:
Ben Caballero:
https://www.homesusa.com/wp-content/uploads/2016/06/L-38017_bcaballero_photo.jpg
Chart 1 – Texas HomesUSA.com New Home Sales Index: Grid - Days on Market (August): https://www.homesusa.com/wp-content/uploads/2018/09/Chart-1-Grid-Days-on-Market-HomesUSA.jpg
Chart 2 – Texas HomesUSA.com New Home Sales Index: Tracking – Days on Market (August): https://www.homesusa.com/wp-content/uploads/2018/09/Chart-2-Tracking-Days-on-Market-HomesUSA.jpg
Chart 3 – Texas New Home Sales Sales: Grid (August): https://www.homesusa.com/wp-content/uploads/2018/09/Chart-3-Texas-New-Home-Sales-Grid.jpg
Chart 4 – Texas New Home Prices: Grid (August): https://www.homesusa.com/wp-content/uploads/2018/09/Chart-4-Texas-New-Home-Sales-Prices-Grid.jpg
Images accompanying this announcement are available at:
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