The overall new home price average among the four largest Texas markets fell in November. Seasonal factors and stubbornly high interest rates drove the average 3-month new home price lower in all four largest new home markets in Texas – nearly $13,000 lower than the prior month, according to Caballero. In Texas' top four markets, November’s 3-month moving average new home price was $436,387 versus $449,386 in October.
The overall new home price average among the four largest Texas markets fell in November. Seasonal factors and stubbornly high interest rates drove the average 3-month new home price lower in all four largest new home markets in Texas – nearly $13,000 lower than the prior month, according to Caballero. In Texas' top four markets, November’s 3-month moving average new home price was $436,387 versus $449,386 in October.