Pending new home sales last month – a key future sales indicator – overall were stable statewide. The May average was 7,437 versus 7,400 pending sales in April. Houston and Dallas-Ft. Worth saw slight increases: Houston pending sales rose to 2,350 from 2,317, and Dallas-Ft. Worth climbed to 2,692 from 2,681. Austin improved to 1,276 from 1,244, while San Antonio was the only market to see a dip, down slightly to 1,119 from 1,157 in April.
Pending new home sales last month – a key future sales indicator – overall were stable statewide. The May average was 7,437 versus 7,400 pending sales in April. Houston and Dallas-Ft. Worth saw slight increases: Houston pending sales rose to 2,350 from 2,317, and Dallas-Ft. Worth climbed to 2,692 from 2,681. Austin improved to 1,276 from 1,244, while San Antonio was the only market to see a dip, down slightly to 1,119 from 1,157 in April.