Two charts that explain why Texas housing markets have stalled

Texas housing markets, particularly Austin, experienced a boom post-pandemic due to affordable housing, low taxes, and an influx of employers. However, momentum has stalled, with home prices declining across major metros over the past six months. Austin saw a significant year-over-year inventory increase, peaking at 345.8% in April 2023, leading to a 13.2% price drop. Other cities like Dallas, Houston, and San Antonio also faced inventory spikes, with Dallas reaching 189.7%. Inventory growth has stabilized in 2024, with modest increases in all areas.