Texas housing inventory grows as sellers trim prices

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.

Prices and inventory

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.

Recent list price trends also reflect the seasonal cycle. Statewide medians typically peak in the summer before softening in the fall. This year’s pattern mirrors that history, with prices slipping from summer highs but holding above pre-pandemic levels.

Days on market trends

Homes in Texas are taking longer to sell. The median days on market has reached 84, compared with the national figure of 70. The average listing now lingers for 125 days, underscoring the slower pace of buyer activity. Longer timelines add pressure for sellers to adjust pricing strategies in order to compete.

Price reductions and relists

About 44% of active Texas listings have recorded a price cut, and 13% have been relisted. These figures show sellers testing the market before adjusting to meet demand. While the share of listings with price cuts is similar to the national trend, Texas sellers face longer timelines and higher inventory, adding pressure to adjust.

Pending sales and buyer activity

Despite the slower turnover, buyers are still active. More than 35,000 homes are under contract, with pending transactions closing in an average of 34 days. The median pending price is $359,900, close to where new listings are being introduced. That alignment suggests buyers are most responsive at mid-market price points.

Outlook and professional takeaway

Texas remains more affordable than many coastal markets, but sellers are contending with higher inventory and longer waits. For housing professionals, competitive initial pricing and timely adjustments are critical in maintaining buyer interest.

For a national view of how sellers are adjusting, see HousingWire’s latest Housing Market Tracker.

For local insights on price cuts in your market, visit HW Data.