Statewide prices dipped while most Texas metros stayed busynand better stocked
Texas home prices in 2025 painted a split picture: the statewide median edged down 1.2% to $335,000 even as most metropolitan areas posted gains and sales volume ticked higher, according to the new Texas Real Estate Year in Review from Texas Realtors.
The report showed prices rising in 14 of 25 tracked metros and falling in nine, with two unchanged, as higher mortgage costs and a jump in listings continued to reshape a market that has been chronically undersupplied.
Statewide, 335,390 homes changed hands, a 1.3% increase from 2024, while active listings surged 23.1% and average days on market stretched to 67.
Months of inventory rose to 4.6, a level many analysts regarded as close to balance between buyers and sellers.
“Some markets where prices jumped quickly a few years ago are now dipping a bit, while other areas that had a slower rise are still going strong,” Texas Realtors chairman Jennifer Wauhob said.
“It is crucial to know your own market and base decisions on hyper-local information.”
Abilene led the state with a 26.4% jump in closed sales, followed by Midland and Amarillo. Laredo, Odessa and Eagle Pass posted the steepest pullbacks, each down more than 6% in annual transactions. At the same time, inventory increased in every metro except Abilene.
For mortgage professionals, the shift meant borrowers in many Texas markets faced less frenzied bidding yet still contended with elevated rates and insurance costs.
“In some of our Texas markets, we're definitely seeing inventories increasing,” UMortgage executive vice president Tyler Hodgson told Mortgage Professional America, adding that slower summers allowed some clients to win price cuts or seller credits.
National signals pointed in the same direction. An ICE Mortgage Technology analyst recently said, “We’re seeing affordability at a 2.5‑year high, which is beginning to bolster purchase demand,” as moderating prices and small rate retreats tempted buyers back.
“You don't decide how warmly to dress based on a national or statewide forecast,” Wauhob said.
“Even if you've heard that ‘the market’ is doing this or that, it may not be true where you live. Your Texas Realtor has the expertise and information to help you make the most of the opportunities your unique situation has to offer.”
Stay updated with the freshest mortgage news. Get exclusive interviews, breaking news, and industry events in your inbox, and always be the first to know by subscribing to our FREE daily newsletter.
