First-time buyers made up 21% of Texas home purchases in 2025, near the record low 20% seen a year earlier.
Texas homebuyers also skewed older. Median buyer age held at 58 in 2025, matching the prior record high and nearing the national record.
Cash deals hit a record 30% share in 2025, more than double 2017's 14%, signaling tougher competition for financed buyers across Texas.
Seller price cuts were widespread. In 2025, 74% reduced asking prices two or more times before closing, while another 18% cut once.
Even with shifting conditions, satisfaction stayed high: 93% of buyers and 91% of sellers liked the transaction process in Texas.
The report said financed entry-level demand remained squeezed, while repeat buyers with built-up equity created more opportunity in move-up transactions despite higher rates.
Texas First-Time Buyer Share Stays Low
