Sales of new homes in Houston remain flat in January

Houston's market for new homes held its own in January as sales reached 1,319, according to HomesUSA.com's New Home Sales Index, which tracks a 12-month rolling average using data provided by the Houston Association of Realtors. The figure is up 1 percent the 12-month rolling average of 1,305 new sales in December.

New homes in Houston stayed on the market an average of 118.2 days in January, down nearly a day from December, according to HomesUSA.com.

New-home prices, too, were essentially unchanged in Houston, according to HomesUSA.com, which tracks trends using data from HAR and other local Multiple Listing Services. The average price in the Houston market was $347,706 in January, down $45 from December's average.

HomesUSA.com, which refined its methodology to exclude certain sales to better reflect the new-home sales market, also added a metric that tracks the change between the sales price when a home was first listed and the final sales price.

The average sales-to-list-price ratio for Houston in January was 97.5 percent, virtually unchanged from December.

Pending new-home sales fell across all of Texas' top new home markets, with Houston posting 1,051 pending sales for January, down from 1,118 in December.

HomesUSA.com works with more than 60 homebuilders in Houston, Dallas-Fort Worth, Austin and San Antonio.

Tribune Content Agency
Purchase Housing markets Housing inventory Home prices Texas
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