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Texas Housing Market Gets a Boost

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Texas has brought its housing inventory for sale back to pre-pandemic levels.

Texas has returned its housing inventory to pre-pandemic levels, according to a new report from the Intercontinental Exchange and data from Realtor.com, having boosted its supply at a time when a historic shortage of homes across the United States is keeping prices up.The ICE Home Price Index for April showed that nearly 90 percent of U.S. markets now have stronger inventory levels than at this time last year, with inventory in 14 of the largest markets having returned to pre-pandemic levels.

On the other end of the spectrum, prices are softening in Florida and Texas as for-sale inventories rise in both states,' he added.'Then you've got California, where affordability and inventory are in a steel cage match to determine dominance. In April, each of the state's top 10 markets either registered below-average growth or clocked adjusted price declines.

 

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