Texas has been a real estate hotspot for years, and that’s not changing anytime soon. Even through economic ups and downs (looking at you, pandemic), the Lone Star State continues to attract new residents thanks to its affordability, booming job market, and that perfect mix of big-city energy and small-town charm.

Now, as we roll into 2025, things are shifting again — this time in favor of buyers. More inventory, slower price growth, and increased options mean there’s never been a better time to make a move. And if you’re a Texan contractor, vendor, or home services provider, that means more opportunities to help homeowners bring their visions to life.

Why Does This Matter to You?

The Texas real estate scene is always evolving, and whether you’re buying, selling, or just keeping tabs on the market, here’s why you should care:

Home Prices are Still Climbing — But Slower: The median home price in Texas now sits at $343,800, up 2.3% from last year but still significantly lower than the national median of $429,963. That’s a win for buyers looking to make their move without breaking the bank.

Texas is STILL Booming: With 1,300 new residents arriving every single day, demand for housing — and the need for contractors, builders, and home service providers — as you can imagine, isn’t slowing down. People are moving here for high-paying jobs in tech, finance, and energy, and they’re looking for homes that fit their lifestyle.

A Shift Toward a More Balanced Market: For years, Texas has been a seller’s paradise. But now, with more homes hitting the market and sales taking a bit longer, buyers have more breathing room to shop around. That means fewer bidding wars and better deals for those ready to make a move.

Interesting Shifts in the Real Estate Market

November 2024 saw 23,800+ homes sold, up 7.1% from the previous year. But homes are sitting longer — about 58 days on average, compared to 47 days last year. That means buyers have more time to make decisions.

Texas currently has three months’ worth of homes available. While this still leans toward a seller’s market, it’s showing signs of leveling out.

Hot Markets to Watch: Houston, San Antonio, and Fort Worth are leading the way in sales activity, while Austin and The Woodlands continue to command premium prices. Looking for affordability? San Antonio and Corpus Christi are fantastic options without sacrificing quality of life.

What Experts are Saying

Joel Berner, Senior Economist at Realtor.com, remains optimistic about Texas real estate: “Even with high mortgage rates, people are still making the move. By 2025, we expect home prices to rise slightly, but increased inventory will give buyers more choices.”

Meanwhile, Daniel Oney, Research Director at the Texas Real Estate Research Center, highlights the state’s economic resilience: “Texas has added over a million jobs since the pandemic, many of them high-paying. This will keep housing demand strong.”

With more single-family homes being built, affordability is set to improve, making it an exciting time for buyers and industry professionals alike.

WHO’S WINNING THE MOST RIGHT NOW?

With thousands of new homes being bought, sold, and built, homeowners will be looking for trusted contractors, vendors, and service providers to help with renovations, repairs, and upgrades. Whether it’s remodeling a fixer-upper, upgrading a newly bought home, or adding value before a sale, Texan professionals have a huge opportunity to grow their businesses in 2025! 

Builders and Remodelers: More buyers = more home improvements. With rising home prices, many homeowners are choosing to upgrade rather than move.

Landscapers and Outdoor Specialists: Curb appeal still matters! With homes staying on the market longer, sellers will be looking for ways to stand out.

Plumbers, Electricians, and HVAC Pros: With the influx of new residents, demand for reliable home services is higher than ever.

Painters and Interior Designers: A fresh coat of paint or a stylish remodel can help buyers fall in love with a home — this is where you come in!

What’s Next?

Texas isn’t slowing down, and neither should you, especially if you’re a Property Service Provider looking to grow your business, 2025 is when you can hit it BIG! More homes, more buyers, and a more balanced market mean this is the perfect time to start taking actions.

So, are you ready to make your move? Texas is waiting — and so are the homeowners looking for the best local professionals to bring their vision to life. If you’re a contractor, vendor, or home service provider in Texas, now's the best time to take action.

Overwhelmed with paperwork and phone calls with all this growth? We understand and we can help! 

Here at GoldRing Virtual, we have the best professionals readily-available and specifically-trained to work with Property Service Providers like you who need help in keeping up in this thriving market. 

✨🔗 Discover more about us: www.goldringvirtual.com 

📅🔗 Book an Inquiry Call: https://calendly.com/goldringvirtual

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