In Late-Q3, Texas median listing price was ↓9% from its 2022 high and ↓~3% yearly to $355.8K, the lowest Late-Q3 level since 2021.
On a sq-ft basis, the state's median listing price was ↓4% from 2022 and ↓~2% yearly to $181, also the lowest Late-Q3 since 2021.
Several Texas cities landed on an analysis list of largest single-family price drops, led by Austin at ↓26%, with McKinney, Fort Worth, and San Antonio.
Condo transaction prices also put Texas cities on that biggest-decline list, with Austin at ↓28% and Garland, Arlington, Plano, Houston, Dallas, and San Antonio included.
Listing prices captured what sellers were struggling with in Texas: repeated price cuts, pulled listings, and lower relist prices when homes returned.
