#inventory-increase

#inventory-increase

Texas home sellers are facing a slower fall market as listings spend longer on the market and inventory rises across the state. More than 137,000 single-family homes are now active statewide, equal to about 3.7 months of supply. The median list price in Texas is $377,558, with new listings entering slightly lower at $358,450. While pricing remains lower than the national $444,900 median, the state's market shows more competition as supply builds.

"The biggest trend we're seeing in the market over the last few months is the increase in inventory," noted CCIAOR President Todd Machnik. "While affordability remains a persistent challenge for many buyers in our market, your eyes are not deceiving you: You are actually seeing more for sale signs across the Cape."