'Strain Shows in DFW's New Home Market This Spring Season'
The article was initially featured on the Dallas Business Journal website by our content partners. You can Read the initial article here. .
Recent reports indicate that new home sales and prices in North Texas declined last month, with builders in the area experiencing some of the narrowest profit margins nationwide.
In March, the total number of new homes sold in the Dallas-Fort Worth area was 1,738, which is down from 1,788 units sold in February. Similarly, both Houston and San Antonio experienced declines in new home sales during this period. However, Austin witnessed a slight uptick in new home purchases last month, as per the latest Texas New Home Sales Report published by HomesUSA.com along with its leader and head honcho, Ben Caballero.
In March, the typical cost of a newly built home in DFW saw a monthly decrease, falling from $494,145 in February down to $479,298 — a reduction of approximately $15,000 within just one month. As before, DFW continues to be Texas’ priciest market for new homes. Last month, Austin ranked as the second highest-priced market with an average cost of $474,551.
The pace of sales also decelerated in North Texas, where new homes stayed on the market for an average of 148.5 days in March, up from 144.9 days in February.
To gain further insights into the information regarding North Texas’ new residential market and potential effects of tariffs on this sector, refer to the To read the full article, visit the Dallas Business Journal. .
Post a Comment for "'Strain Shows in DFW's New Home Market This Spring Season'"