Disclaimer: The June 2026 figures are based on more complete data and have been revised from their initial release.
Texas housing market activity strengthened through the first half of 2026, with closed sales outpacing last year’s levels for several consecutive months. This modest and yet sustained improvement suggests that underlying housing demand remains resilient despite ongoing economic headwinds and persistent affordability constraints. Sales gains have been broad across much of the state, suggesting that buyers are increasingly adapting to current mortgage rates while benefiting from more stable inventory conditions and greater choice.
At the same time, inventory growth has settled into a steadier pattern. Unlike the rapid inventory expansion observed last year, active listings are increasing at a pace more closely aligned with sales activity. Despite still-soft market conditions, this balance has provided buyers with greater choice but without creating excessive supply. The stabilization of both inventory turnover rate and months’ supply further suggests demand is absorbing much of the inventory entering the market.
Pricing trends also point to a gradually improving market environment. While home prices remain below year-ago levels, the pace of decline has continued to ease. Price corrections remain more pronounced in Austin and San Antonio, whereas Dallas-Fort Worth and Houston are moving closer toward stabilization. Fort Worth-Arlington, in particular, has experienced a noticeable rebound from downward price pressure, recording consecutive months of modest year-over-year (YoY) price gains. Preliminary July data indicate the broad trend toward stabilization and moderating price weakness is continuing.
As the peak homebuying season comes to an end, continued improvement in inflation readings should help support market stability by reducing the likelihood of a policy rate increase. Provided inflation continues its downward trajectory and broader economic conditions remain stable, housing market activity is expected to remain on current stable footing th
June Posted the Highest Year-Over-Year Increase in Sales
Table 1: June 2026 State & National Sales
Notes: The sales numbers reflect actual sales, not the seasonally adjusted rate
Source: Texas Real Estate Research Center analysis of Data Relevance Project and Texas REALTORS ® data
- Statewide, Texas recorded 34,956 closed sales in June, an 8.6 percent YoY increase. Through June, year-to-date (YTD) closed sales were 3.2 percent higher than during the same period last year.
- June sales activity was strong across the major Texas metros, with YoY growth ranging from 4.6 percent in Housing to 16.3 percent in San Antonio (see Table 3). As of June, Austin continued to outperform, with its YTD sales pace running 8.7 percent above last year’s (see Table 3).
- Texas’ median sales price reached $342,900 in June, up slightly from $340,000 in May but down from $350,000 in June.
- Nationally, non-seasonally adjusted existing home sales increased 7.9 percent YoY in June and were 2.2 percent above last year’s pace on a YTD basis. Meanwhile, the median existing single-family home price rose to $446,400, a 1.8 percent from $438,600 a year earlier.
Monthly Market Snapshot: June Sales and Inventory Trends
Table 2: Texas Housing Market Indicators
Notes: The turnover rate is calculated as pending sales divided by inventory, where inventory is the average of month-beginning and month-end inventory.
Source: Texas Real Estate Research Center analysis of Data Relevance Project and Texas REALTORS ® data
- Homes sold in June spent an average of 62 days on the market (DoM), slightly above 60 days a year ago. Although homes continue to take longer to sell in 2026 than in 2025, the gap is narrowing. The inventory turnover rate in June was 20.8 percent, up from 19.9 percent a year ago.
- The median seller price cuts were $12,000 (equivalent to 3.3 percent of the initial listing price) unchanged from the previous two months and down slightly from $13,000 a year ago.
- As of June, active inventory is at 5.4-month supply, down from 5.6 months a year ago. The DoM among June-end unsold inventory is 90 days, meaning unsold homes spent on average nearly 30 days longer than sold homes.
Seasonal Easing In June Seller-Listing Activity
Figure 1: Monthly New-Listing Activity, 2026
Source: Texas Real Estate Research Center analysis of Data Relevance Project, Texas REALTORS® data
- Statewide, new listings declined 1.2 percent from May to June. The rather modest pullback reflected that listing activity peaked earlier than usual this year.
- The pace of new listings in June was running slightly ahead of last year at 1.2 percent YoY. YTD new-listing activity remained slightly below the level recorded during the same period last year, reflecting an early slowdown in May.
- New-listing activity moderated from May to June in Austin, DFW and San Antonio, while Houston recorded a modest upswing (see Table 4). Through June, YTD new-listing activity was running ahead of last year’s pace in Houston and San Antonio, remained essentially flat in Austin, and trailed year-ago levels in DFW.
Inventory Expansion on a Stable Path
Figure 2: Monthly Active Inventory, 2026
Source: Texas Real Estate Research Center analysis of Data Relevance Project, Texas REALTORS® data
- Statewide inventory continued to expand at a measured pace, reaching approximately 153,800 active listings at June month-end, up 2.4 percent from May and largely unchanged from a year earlier.
- Inventory growth has remained stable through 2026, averaging 3.2 percent and broadly tracking the pace of sales growth.
- June’s month-end active inventory stood at a 5.4-month supply, up slightly from 5.3 months in May, indicating that market conditions remained relatively balanced amid steady sales activity.
- Inventory conditions varied across the major metropolitan areas. Active listings and months’ supply were lower than a year ago in Austin and DFW, while Houston and San Antonio continued to pose YoY gains in both inventory measures (see Table 4).
Texas Home Price Declines Continue to Moderate
Figure 3: Texas HPI: Texas and Regional Home Price Trend
Note: The year-over-year change in the price index is calculated using a three-month moving average ending in the report month
Source: Texas Real Estate Research Center analysis of Data Relevance Project, Texas REALTORS® data
- Home prices remained weak through June, extending the decline to 13 consecutive months, a trend that began in June 2025. Statewide, home prices were 0.4 percent below year-ago levels.
- While price conditions remained soft, the pace of price softening continues to improve across much of the state. Preliminary July data further suggests price trends are stabilizing.
- Price weakness remained most pronounced in Austin, where home prices declined 2.2 percent in June. San Antonio also continued to experience downward pressure, with annual price declines approaching 2 percent. Meanwhile, Dallas-Plano and Houston showed further signs of stabilization as annual price declines continue to moderate.
- The Fort Worth-Arlington market continued to gain momentum, posting a second consecutive month of YoY price gains.
- Overall, the DFW market remained in transition, with price trends moving closer to stabilization after an extended period of softening.
Local Housing Market Indicators
Table 3: Metro-Level Home Sales, June 2026
Source: Texas Real Estate Research Center analysis of Data Relevance Project, Texas REALTORS® data
Table 4: Metro-Level Month-End Inventory, June 2026
Source: Texas Real Estate Research Center analysis of Data Relevance Project, Texas REALTORS® data
Table 5: Single-Family Housing Permits, June 2026
Note: Permit value is builder estimated construction cost of the residential structure, not including land acquisition cost.
Source: Survey of New Construction of U.S. Census Bureau
Source: Texas Housing Insight | August 2026 | Texas Real Estate Research Center (written by Yanling Mayer)
