Texas Housing Insight
November 2023 Summary
The housing market remains tight despite mortgage rates falling from their elevated levels. Home sales decreased just shy of 1% month over month. Prices did not fall alongside sales as most of the state experienced minimal change in prices. Construction permits plummeted despite construction starts increasing. Homes sat on the market for less time as average days on market continued its decreasing trend observed this year.
Texas A&M Data Series Descriptions
Data Series Description
Housing statistics are based on listing data from over 50 MLS (Multiple Listing Service) systems in Texas. Statistics for each geography were calculated based on listings of properties physically located within the mapped area presented with the statistics.
Metropolitan Statistical Area (MSA): Based on the multi-county area specified by The Office of Management & Budget in 2013.
Local Market Area (LMA): An area defined by the local Association/Board of REALTORS representing a logical market of homes that can be grouped together for meaningful statistical reporting.
Getting More Detail
For more detailed statistics about local areas, existing vs. new homes and breakout by property type, contact your local REALTOR® association. Click here for a list of contacts.
Data Release Dates
Statistics for geographies outside of the Houston metro area will be released on/near the 20th calendar day after month end. Statistics for the Houston metro area will be released on/near the 40th calendar day after month end.