Texas home sales steady in First Qtr, 2024

AUSTIN (Texas Realtors) – The number of Texas homes sold in first quarter 2024 was nearly identical to the total in the first quarter a year ago, according Texas Realtors’ latest Texas Quarterly Housing Report.

Meanwhile, the supply of homes on the market increased while the statewide median price of $330,950 was 1.6 percent higher than in 2023.

Median price went up in 19 metros and down in six, and no metro had a median price decrease of more than 2.3 percent compared to a year ago. The biggest increase in median prices were in Odessa (11.2 percent), Midland (9.5 percent), and Texarkana (8.5 percent).

Months of inventory increased from 2.7 months at the end of the first quarter last year to 3.8 months at the end of the first quarter this year.

Active listings increased 33.7 percent at the end of the first quarter compared to the end of the first quarter in 2023.

Homes spent two fewer days on the market statewide compared to the same period last year. Days on the market went up in 16 metros and declined in nine.

Steve Young with RE/MAX