![]() ![]() Active listings in the last year tumbled 41 percent from 23,895 active listings reported in April 2020. The 3-month moving average recorded 13,996 new homes listed statewide, down from 16,055 in March, or a decline of almost 15 percent. New home sales were higher in Houston, Dallas, and San Antonio, with continued inventory tightening impacting Austin new homes sales, which were lower last month. Texas new home sales bounced higher to 4,133 sales from 3,753 sales in March, the 3-month moving average for April shows. Caballero explained that homes sales are actually “much higher than the MLS data shows, because builders are selling homes before they can list them in the MLS!” ![]() ![]() While April home sales in Texas were higher, active listings and pending sale of new homes statewide plummeted last month. “Throughout Texas, we are seeing a gold-rush response as buyers flock to lotteries, because demand is far exceeding supply,” he added. “Going forward, will focus our reports on the 3-month averages as they better reflect current market activity,” he added.Ĭaballero noted that will continue to provide the 12-month moving averages as well as comparisons to the 3-month averages in its monthly new homes report.Ĭaballero, the nation’s leading new homes sales agent, explained, "The demand for new homes is going to continue for many months if not years in Texas." Caballero explains that because new homes are listed during construction, they carry an average DOM of approximately 60 days higher than existing homes. “Today’s new home sales are accelerating so rapidly, the trends are best reflected in the 3-month moving averages we report each month, versus the 12-month averages,” said Ben Caballero, owner of and current Guinness World Record titleholder. The report is based on data from the North Texas Real Estate Information Systems, Houston Association of REALTORS, Austin Board of REALTORS Multiple Listing Services and San Antonio Board of REALTORS. It’s a new record for the fastest sales pace of new homes since started reporting Days on Market data in 2017. The 3-month moving average for Days on Market dropped from 108 days to 76 days in just the last year, according to the News Home Sales Index. Please consult a LGI Homes new home consultant and review a home sales contract for additional information and disclosures.DALLAS, (GLOBE NEWSWIRE) - Texas home builders continue to see astonishing demand for new homes, as new home sales, average home prices and the speed of sales all increased last month statewide, reported today. Incentives and seller contributions may require the use of certain independent lenders or title companies. Nothing on our website should be construed as legal, accounting or tax advice. Homes pictured may not be available at the lowest advertised price and may display upgraded landscaping, decorative items, suspended lighting, furniture and enhanced interior paint which are not available for purchase even upon additional payment. The website is for general information only. Square footages are approximate and may vary in construction. Renderings, pictures, square footages, floor plans, features, and colors are approximate for illustration purposes only. B.1002074. LGI Homes - Oregon, LLC. LGI Homes – Maryland, LLC. CAL DRE #02064225, LGI Realty - California, Inc. Prices, rates, terms, features, amenities, floor plans, elevations, designs, materials, square footages, fees and descriptions are subject to change at any time without notice. Other fees such as taxes, insurance and HOA are not included and will increase the sample monthly payment amount. Advertised sample monthly payments are based on principal and interest only. ![]()
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