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Texas new home sales dip in July as inventory reaches a record high, HomesUSA.com reports, with home prices mixed and lower pending sales.

Texas new home sales jumped last month, and prices ticked up while Days on Market barely budged, according to the newest report from HomesUSA.com.

Texas’ new home sales last month were up 5% in its combined four largest markets and year-over-year are 14% greater than December 2023 - HomesUSA.com.

While Texas new home sales were slightly higher last month, the spring homebuying season is “underperforming,” according to HomesUSA.com and Ben Caballero.

Seasonality pushed Texas’ average new home sales lower in all four of its largest markets last month, according to HomesUSA.com and its CEO Ben Caballero.

Texas average new home sales were higher in its largest markets last month, with Dallas-Ft Worth, Houston, and Austin turning in strong year-end sales.

Texas new home sales decline but remain "strong and steady in the face of market seasonality," according to Ben Caballero, CEO and founder, HomesUSA.com.

DALLAS, Aug. 21, 2023 (GLOBE NEWSWIRE) -- The Texas new home market remains “healthy” as the pace of sales showed some improvement and average prices are stabilizing, according to the monthly...

DALLAS, July 25, 2023 (GLOBE NEWSWIRE) -- The Texas new home market is stabilizing as sales remained strong yet relatively flat last month, according to the monthly HomesUSA.com New Home Sales...

DALLAS, June 22, 2023 (GLOBE NEWSWIRE) -- The Texas new home market continues to “impress” as sales climbed higher last month and average new home prices rebounded, according to the monthly...