Seasonality pushes Texas new home sales lower, “Spring will see a rebound,” Ben Caballero says
In January, the 3-month average new home sales in Dallas-Ft. Worth, Houston, Austin and San Antonio combined show a of 5,119 sales versus 5,350 sales in December.
- In January, the 3-month average new home sales in Dallas-Ft. Worth, Houston, Austin and San Antonio combined show a of 5,119 sales versus 5,350 sales in December.
- For Texas, the average DOM was up slightly with January at 102.05 days versus 100.26 days in December.
- The average 3-month new home prices in three of the four largest new home markets in Texas were stable in January.
- Caballero explained the 3-month moving average indices track market seasonality, while the 12-month moving average removes the seasonality and tracks the longer trend.