Houston area new home sales ease in April

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Sales of new homes in the Houston area flattened in April as the coronavirus caused a pause in activity, according to a new homes sales report from HomesUSA.com.

Houston reported 1,350 new home sales based on a 12-month moving average in April, down slightly from 1,365 sales in March. Sales were also either slightly lower or flat in the Dallas-Fort Worth, Austin and San Antonio markets. The report is based on new homes listed in the local Multiple Listing Services.

"It's no surprise that Houston new home sales leveled in April with the pandemic pushing many buyers to the sidelines," Ben Caballero, owner of HomesUSA.com, said in the report. "The good news for local builders is that April new home sales did not decline in Houston as sharply as some might have anticipated."

The average sales price of a new home in the Houston market fell slightly to $347,969 based on a 12-month moving average in April, flat compared to the average price $348,437 in March.

Pending new home sales were also flat, ticking up to 1,596 in April from 1,592 the month before.

HomesUSA.com represents more than 60 builders in Houston, Dallas-Fort Worth, Austin and San Antonio.

Tribune Content Agency
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