The highly sought-after neighborhoods of Highland Park and University Park are located just three miles north of Dallas’ vibrant city center. The prestigious area is the proud home of Southern Methodist University, Dallas Country Club and Highland Park Village shopping center, a National Historic Landmark now reminiscent of Rodeo Drive.
A new statewide real estate report has shown a slow decline in new home sales across Texas, including in Dallas-Fort Worth.
The latest New Home Sales Index by HomesUSA.com discovered that Dallas-Fort Worth saw the second-most new homes sold in January out of the four biggest metros in Texas, despite being in an overall sales slump compared to December 2024. The three-month moving average of new home sales in DFW was 1,847 last month, versus 1,990 sales in December.
Housing prices also rose in January, with the average new home in DFW increasing to $496,498. That's about $2,600 more than the average price in December, which came out to $493,899.
While these declines may seem atypical, a sales slump is actually normal during the winter season, according to HomesUSA founder and CEO Ben Caballero.
Active new home listings in DFW flattened from December to January, with 8,287 active listings on the market last month.
New home sales in January throughout Texas
The report found new home sales dropped not only in Dallas-Fort Worth, but also in Austin, Houston, and San Antonio.
Houston's three-month moving average of new home sales was the highest out of all four metros with 2,046 sales made in January, but that figure technically decreased by 138 homes from December.
San Antonio saw 67 fewer homes sold from December to January, totaling 1,008 sales last month.
Austin the fewest new homes sold last month out of the four major Texas metros: At 809 homes sold.
"January sales are often lower than December in Austin as builders push hard to close the year with as many sales as possible, as I mentioned in last month’s report," Caballero said. "Austin builders were offering discounts, buyer incentives, and Realtor bonuses for December closings. A slower January is not unusual for that reason."
January housing prices fell in Houston to an average $395,515, and San Antonio's average new home price fell to $337,414. Austin had the second-highest average housing prices out of the four Texas metros last month, despite that number falling by $11,658 to $483,056.
Average prices for new homes fell in Austin, San Antonio, and Houston, but increased in Dallas-Fort Worth.Courtesy of HomesUSA.com