Texas new home sales fell nearly 5% in January to 5,373, down nearly 6% year-over-year. Average days on market rose over 13% from last year, with Austin, Houston, and San Antonio seeing increases. Average prices declined to $420,381. Pending sales dropped over 7% year-over-year, while active listings rose more than 9%. Austin was the only major market with a sales increase. Sales-to-list price ratio remained steady near 96.6%.
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