Texas

With the third quarter behind us, it’s time to review and prepare for what we hope will be a strong Q4, and we are already off to a strong start! It’s been an interesting year so far, with a few surprises and plenty to be optimistic about as we move toward the year’s end.

One exciting trend we’ve seen is a 30% increase in listings compared to this time last year. This means buyers have more choices, and it’s creating a much friendlier environment for those ready to take the plunge and find a new home. For sellers, this balanced market still supports strong pricing, especially in desirable areas where Texas’s unique lifestyle and affordability shine.

The stability in home prices across most Texas cities is a good sign. While some metro areas have seen modest increases, most areas are holding steady. This balance offers something for everyone — whether you’re looking for your first home, thinking about an investment property, or planning to sell, Texas remains a place where real estate feels like a sound and worthwhile investment.

With continued interest in Texas from out-of-state movers and growth within our own communities, we’re anticipating a strong close to 2024. Whether your clients are buying, selling, or simply keeping an eye on the market, there’s a lot to look forward to.

As always, Side is here to help you navigate the ins and outs of the Texas real estate landscape. Thank you for being part of this incredible journey with us. Let’s make the rest of 2024 a success!

Actionable Advice for Texas Agents

1. Educate Clients on Inventory Trends
   With listings up over 30%, remind buyers that increased inventory could lead to a smoother, less competitive​ buying process — depending on the area.
2. Promote Price Stability Benefits
   Emphasize the stable median prices in Texas — a strong selling point for both buyers and sellers looking for predictable value in a shifting market​.
3. Target Relocation Buyers
   With Texas attracting new residents from other states, tailor your marketing to highlight the state’s affordability and lifestyle perks to out-of-state prospects​.
4. Highlight Creative Financing Options
   Collaborate with lenders to discuss adjustable-rate mortgages and rate buy-downs, helping buyers navigate higher interest rates more affordably.
5. Leverage Local Expertise
   Strengthen your local knowledge and networks — this is invaluable, as neighborhood-specific insights can make or break a deal in a more balanced market. Use the market research tools available at TexasRealEstate.com to drill down to your specific market area.