Austin New Homes Sales Increase Despite Higher Prices

AUSTIN, TX — Austin’s new home sales were higher last month despite an increase in the average price of a new home, according to a new report.

Analysis was released by HomesUSA.com, based on data from the Austin Board of Association of REALTORS. The findings reflect a trend of improving new home sales in the region, researchers found.

“The Austin new home sales market continues to post strong numbers,” Ben Caballero, CEO of HomesUSA.com, said in a prepared statement. “Austin saw an increase in overall new home sales last month and an improvement in the pace of sales,” he added.

It's safe to say Caballero knows of what he speaks, as the nation's top-ranked real estate agent. He currently holds the Guinness World Record title for “Most annual home sale transactions through MLS by an individual sell side real estate agent.”

Among some of the reports key findings:

Austin Days on Market for New Home Sales

The average number of Days on Market for new homes in Austin was lower last month, meaning the pace of new home sales improved. According to the HomesUSA.com New Home Sales Index, the Days on Market (DOM) in Austin was 111 days in September versus 111.91 days in August. Statewide, the pace of new homes also was flat overall, as the average DOM was 119.47 days in September versus 119.86 days in August. (See Chart 1: Texas New Homes Days on Market.)

Austin New Home Sales Data

New home sales in Austin were flat last month. Austin’s total new home sales based on a rolling 12-month average were 723 in September versus 721 total sales in August. Statewide, total new home sales in September were 4,069 versus 4,030 in August. (See Chart 2: Texas New Home Sales.)

Austin New Home Prices

In Austin, the average new home price last month was higher. Austin’s average new home price in September was $369,849 versus $368,714 in August. Statewide, the average new home price was flat, posting $355,360 in September and $355,518 in August. (See Chart 3: Texas New Home Price.s)

Austin Pending Sales Data

Pending new home sales continue to decline in Austin and statewide. Total pending sales for Austin based on a rolling 12-month average were 644 in September versus 686 pending new home sales in August. For Texas, pending new home sales for September based on a 12-month rolling average were 3,674, down from 3,884 pending new home sales in August. (See Chart 4: Texas Pending New Home Sales.)

Caballero is sharing this Texas new homes report in advance of the release by the Commerce Department of its national New Residential Home Sales report for September set for Thursday, Oct. 24, at 9 a.m. CT. HomesUSA.com publishes new home sales information for Texas’ four largest new home markets monthly, gleaned from local Multiple Listing Services, including the Houston Association of REALTORS, North Texas Real Estate Information Systems, San Antonio Board of REALTORS and the Austin Board of REALTORS.

About the HomesUSA.com New Home Sales Index

The HomesUSA.com Index is a 12-month rolling average of the Days on Market (DOM) for new homes listed in the local Multiple Listing Services (MLSs) for the four largest Texas markets, including Dallas-Ft. Worth, Houston, Austin, and San Antonio. Created by Ben Caballero, founder and CEO of HomesUSA.com, it is the first index to track the sale pace of new home sales specifically.

About Ben Caballero and HomesUSA.com®

Ben Caballero holds the current Guinness World Records title for “Most annual home sale transactions through MLS by an individual sell side real estate agent.” Ranked by REAL Trends as America’s top real estate agent for home sales by since 2013, Caballero is considered the most productive real estate agent in U.S. history. He is the only agent to exceed $1 billion in residential sales transactions in a single year; a feat first achieved in 2015 and repeated each year until 2018 when he achieved more than $2 billion. An award-winning innovator, Caballero is the founder and CEO of HomesUSA.com, Inc., works with more than 60 home builders in Dallas-Fort Worth, Houston, Austin and San Antonio. He recently released a podcast series available on iTunes and Google Play. Learn more at HomesUSA.com |Twitter: @bcaballero - @HomesUSA | Facebook: /HomesUSAdotcom.