Texas Association of REALTORS®, Inc.

https://www.texasrealestate.com/

Texas REALTORS® is the state-level REALTOR® association in Texas, dedicated to advocating for a robust real estate industry, fostering a culture of continuous learning, and proactively addressing issues pertinent to its members and their clients. The organization's mission is to advance REALTORS® and the communities they serve through advocacy, professionalism, and comprehensive resources. Its headquarters are located in Austin, Texas.

The association provides a wide array of services, including legislative and governmental advocacy to protect private property rights, upholding professional standards and ethics, and offering educational programs, a legal hotline, and essential forms for real estate transactions. It also conducts market research and facilitates communication within the industry. Serving over 150,000 REALTOR® members across Texas, Texas REALTORS® supports real estate professionals and consumers alike.

In recent news, Texas REALTORS® reported a slight increase in Texas home sales during Q1 2026, while the number of first-time homebuyers remained near an all-time low as of April 2026. The organization also noted that Texas home prices increased in most markets in 2025, despite a 1.2% drop in the state median price. Governed by its members, the association's leadership includes an Executive Board and Board of Directors, with Mike Barnett serving as Executive VP/President/CEO as of April 2024 and Jef Conn as the 2024 Chairman. Texas REALTORS® positions itself as the voice of Texas real estate, aiming to be the leading authority in shaping public opinion and policy within the industry.

Latest updates

Texas Housing Market Shows Signs of Deceleration Amidst Regional Disparities

Event summary

  • Texas home sales increased by a marginal 0.7% in Q1 2026 compared to Q1 2025.
  • The statewide median home price declined 0.8% year-over-year, marking the first decrease in over a decade.
  • While half of Texas metros experienced sales decreases, Abilene saw a 22.9% increase, and McAllen a 17.5% increase.
  • Days on market increased to 80 days, and months of inventory rose to 5, indicating a shift towards a more balanced market.

The big picture

The Texas housing market, which experienced dramatic price appreciation in the early 2020s, is now exhibiting signs of deceleration and regional fragmentation. The statewide median price decline, coupled with the uneven sales performance across metros, signals a shift away from the broad-based boom of previous years. This suggests a more nuanced and localized approach to real estate investment and development is now necessary.

What we're watching

Regional Divergence
The stark contrast between metros like Abilene and McAllen and the larger cities suggests localized economic factors are increasingly outweighing statewide trends, requiring granular market analysis.
Price Stabilization
Whether the price decline represents a temporary correction or the beginning of a sustained downward trend will depend on the interplay of interest rates and new construction activity.
Inventory Levels
The pace at which active listings continue to rise will be a key indicator of whether the market can maintain its current balance between supply and demand, or if it will tip towards a buyer's market.

Texas Housing Market Signals Demographic Shift, Cash Buys Surge

Event summary

  • First-time homebuyers in Texas accounted for 21% of all homebuyers in 2025, near an all-time low.
  • The median age of Texas homebuyers is 58, matching a 2024 high and nearing the U.S. record of 59.
  • Cash sales now represent 30% of Texas home purchases, more than double the 14% seen in 2017.
  • 74% of sellers reduced their asking price at least twice before a sale, a significant increase from the previous year.
  • Homebuyer and seller satisfaction with realtors remains high, with 91% and 93% satisfaction rates respectively.

The big picture

The Texas housing market is undergoing a significant demographic and financial shift. The aging buyer profile, coupled with the rise in cash purchases and frequent price reductions, points to a market increasingly driven by wealthier individuals and potentially constrained by affordability challenges for younger generations. This trend, mirroring national patterns, suggests a long-term recalibration of the housing market away from the pandemic-era boom.

What we're watching

Demographic Impact
The continued aging of Texas homebuyers suggests a potential shift in demand and could impact the types of housing preferred, potentially favoring larger, more established properties over starter homes.
Cash Flow
The prevalence of cash sales indicates a significant portion of buyers are either wealthy or relying on alternative financing sources, which could limit overall market participation and dampen price appreciation.
Price Expectations
The frequency of price reductions signals a disconnect between seller expectations and buyer willingness to pay, and whether this gap can be resolved without further market correction remains to be seen.

Texas Home Sales Rise as Price Disparities Widen Across Metro Areas

Event summary

  • Texas home sales increased by 1.3% in 2025, totaling 335,390 units.
  • While most Texas metros saw home price increases, the state's median home price declined by 1.2% to $335,000 in 2025.
  • The number of homes for sale statewide rose by 23.1%, and the average time homes spent on the market increased to 67 days.
  • Markets like Abilene, Midland, and Amarillo experienced significant sales increases (26.4%, 6.9%, and 6.5% respectively), while Laredo, Odessa, and Eagle Pass saw declines exceeding 3%.

The big picture

The contrasting trends of statewide price decline alongside metro-level increases highlight a complex and geographically fragmented Texas housing market. This divergence likely reflects a combination of factors including affordability challenges in major cities, shifting demographic patterns, and varying levels of economic recovery across different regions of the state. The increased inventory and longer time on market suggest a potential cooling of the previously overheated market, though localized strength persists.

What we're watching

Market Divergence
The widening gap between price performance in major Texas cities and smaller markets suggests a potential shift in buyer preferences and affordability constraints impacting larger urban areas.
Inventory Impact
The increase in available homes and days on market may continue to moderate price appreciation, particularly in previously hot markets, and could signal a move towards a more balanced market.
Regional Resilience
The strong sales growth in smaller markets like Abilene and Midland warrants further investigation to determine if this represents a broader trend of population and economic migration away from larger urban centers.

Texas Real Estate: Statewide Median Price Declines Despite Metro Gains

Event summary

  • The statewide median home price in Texas decreased by 1.2% in 2025, reaching $335,000.
  • While the statewide median declined, prices increased in a majority (14 of 26) of Texas metropolitan areas.
  • Home sales increased statewide by 1.3% in 2025, with Abilene experiencing the largest jump (26.4%).
  • The average time homes stayed on the market rose to 67 days, and months of inventory increased to 4.6 months, indicating a more balanced market.
  • Active listings increased statewide by 23.1%, contributing to the longer selling times.

The big picture

The contrasting trends of rising prices in many metros alongside a statewide decline signal a maturation of the Texas real estate market. The rapid price appreciation seen in major cities is moderating, while smaller markets are experiencing continued growth. This divergence suggests a redistribution of demand and investment across the state, potentially driven by affordability concerns and changing lifestyle preferences. The increase in inventory and days on market further indicates a move towards a more balanced market, reducing the urgency for buyers and potentially impacting future price trends.

What we're watching

Regional Divergence
The disparity between metro-level price increases and the statewide decline suggests a potential shift in investment patterns, with capital flowing to smaller or previously undervalued markets while larger urban centers experience cooling.
Inventory Levels
The continued increase in inventory and days on market indicates that the seller's market conditions of recent years are easing, potentially impacting future price appreciation and requiring adjustments in pricing strategies.
Market Sensitivity
The report's emphasis on hyper-local market conditions highlights the increased sensitivity of Texas real estate to localized economic factors and demographic shifts, demanding more granular data and analysis for informed decision-making.

Texas Primaries Signal Shift Favoring Property Rights Advocates

Event summary

  • The Texas Realtors Political Action Committee (TREPAC) reports record voter turnout in the 2026 Texas primary elections.
  • TREPAC supported 56 candidates, with 42 securing their party's nomination and 3 advancing to a runoff.
  • Candidates supported by TREPAC campaigned on platforms of lower property taxes, expanded housing opportunities, and infrastructure investment.
  • TREPAC has supported candidates for over 50 years, focusing on preserving private property rights and affordable homeownership.

The big picture

The Texas Realtors' political influence demonstrates the power of industry groups to shape policy through candidate support and voter mobilization. This outcome suggests a growing emphasis on property rights and potentially reduced regulation within the Texas housing market, which could impact development and affordability. The record voter turnout underscores the heightened political engagement among Texas residents regarding these issues.

What we're watching

Legislative Action
The newly elected and returning legislators will likely prioritize TREPAC's stated goals, potentially leading to changes in property tax laws and housing regulations. The extent of these changes will depend on the overall legislative agenda and budget constraints.
TREPAC Influence
TREPAC's significant investment and apparent success in this election cycle may embolden similar industry groups to increase political spending and influence policy outcomes in other states.
Housing Affordability
While candidates pledged to expand housing opportunities, the impact of any policy changes on actual housing affordability for lower-income Texans remains to be seen, and could be offset by other market forces.

Texas Continues Population Surge, Trails Florida in Relocation Share

Event summary

  • Texas attracted 7.8% of all state-to-state moves in 2024, second only to Florida's 8%.
  • The state experienced a net gain of 73,000 residents through state-to-state migration.
  • California remains the top source of new residents for Texas, with a net gain of 32,000.
  • Within-state migration in Texas remains the highest in the nation, with 11% of residents relocating within the state.
  • Migration from Texas to Oklahoma, Tennessee, and Colorado resulted in net losses.

The big picture

Texas's persistent appeal as a destination for state-to-state migrants underscores its robust economy and relatively affordable living costs compared to other major US states. However, the data also highlights a potential vulnerability: dependence on migration patterns influenced by conditions in other states, particularly California. The high rate of internal migration suggests a dynamic housing market that requires careful monitoring for signs of overheating or affordability crises.

What we're watching

Migration Drivers
The continued reliance on California as a primary source of new residents exposes Texas to potential shifts in California's economic and regulatory environment, which could impact future migration flows.
Regional Competition
The net losses to states like Oklahoma, Tennessee, and Colorado suggest increasing competition for residents within the broader Sun Belt region, potentially impacting Texas's long-term growth trajectory.
Housing Affordability
The high rate of within-state migration indicates ongoing demand for housing within Texas, which could exacerbate affordability challenges and impact the state's overall economic health.

Texas Realtor Leadership Signals Industry Focus on Standards and Advocacy

Event summary

  • Sarah Norman, a realtor with over four decades of experience, has been named the 2025 Texas Realtor of the Year.
  • Norman’s career began in 1977 after a prior role at Texas A&M University, and she founded her own real estate office after working for Bonnie Hoggard.
  • The award recognizes Norman’s extensive involvement in Realtor organizations at local, state, and national levels, including roles in professional standards and public policy.
  • Norman has been a former federal political coordinator and a member of the Texas Realtors Board of Directors, and was inducted into the RPAC Hall of Fame in 2023.

The big picture

The recognition of Sarah Norman underscores the Texas Realtors’ commitment to upholding professional standards and advocating for private property rights. With over 145,000 members, the organization wields significant influence in the Texas real estate market, and this award signals a continued focus on leadership development and community engagement to maintain that position. The emphasis on mentorship suggests a deliberate effort to cultivate the next generation of real estate professionals.

What we're watching

Governance Dynamics
The continued emphasis on professional standards and ethics within Texas Realtors suggests a proactive approach to maintaining industry credibility amidst evolving market conditions and potential regulatory scrutiny.
Advocacy Efforts
Norman’s past role as a federal political coordinator indicates a focus on legislative advocacy; tracking her future involvement in policy initiatives will be important for understanding the organization's political strategy.
Mentorship Impact
The award highlights Norman’s mentorship role; the extent to which this fosters a pipeline of future leaders within the Texas Realtor organization will influence its long-term stability and adaptability.

Texas Realtor Recognition Highlights Industry Longevity and Advocacy

Event summary

  • Sarah Norman, a realtor with 47 years of experience, was named the 2025 Texas Realtor of the Year.
  • Norman previously served as a federal political coordinator and is currently a member of the Texas Realtors Board of Directors.
  • The award recognizes Norman’s decades of service to the Realtor organization, the real estate industry, and the Bryan-College Station community.
  • Texas Realtors represents over 145,000 members and advocates for real estate professionals and private property rights in Texas.

The big picture

The Texas Realtor of the Year award highlights the enduring importance of experience and community engagement within the real estate sector. While the industry faces ongoing disruption from technology and changing consumer preferences, the recognition of individuals like Sarah Norman underscores the value of established networks, professional standards, and local expertise. The award also signals the continued political influence of the Texas Realtors organization, given Norman’s prior role in federal advocacy.

What we're watching

Succession Planning
The recognition of a 47-year veteran underscores the need for Texas Realtors to actively cultivate and mentor the next generation of leadership to ensure continuity and fresh perspectives within the organization.
Political Engagement
Norman’s past role as a federal political coordinator suggests a continued emphasis on Realtor advocacy and lobbying efforts at the national level, which could be impacted by upcoming legislative changes.
Community Impact
The extent to which Texas Realtors can leverage the visibility of award recipients like Norman to strengthen community ties and enhance the organization’s public image will be a key indicator of its long-term relevance.

Texas Sellers Lagging Reality as Concessions Surge

Event summary

  • A Texas Realtors report reveals 75% of surveyed agents had sellers believing their homes were worth 10% more than market analysis indicated.
  • Only 7% of those homes ultimately sold at the seller's inflated price expectation.
  • Multiple offers were still common (59% of recent sales), but concessions were prevalent in 93% of those deals.
  • Common concessions included price reductions (52%), repairs (45%), home warranties (42%), and closing cost assistance (37%).
  • 63% of sellers demonstrated some level of market knowledge prior to engaging with a Realtor.

The big picture

The report highlights a disconnect between seller perceptions and current market realities in Texas, a trend likely stemming from lingering memories of the pandemic-era frenzy. While multiple offers haven't entirely disappeared, the increased need for concessions signals a return to more balanced market conditions and a shift in negotiating power towards buyers. This dynamic could impact the broader Texas real estate market, potentially slowing transaction volume and pressuring seller margins.

What we're watching

Seller Behavior
The persistence of inflated seller expectations suggests a potential lag in market understanding, which could lead to continued negotiation friction and longer time-on-market for some properties.
Agent Influence
The reliance on Realtor guidance highlights the continued importance of professional expertise in navigating shifting market conditions, but also underscores the challenge of educating sellers.
Concession Trends
The high prevalence of concessions indicates a buyer's market dynamic that may not fully normalize, impacting seller profitability and potentially influencing future pricing strategies.

Texas Realtor Awards Highlight Longevity, Advocacy, and Commercial Redevelopment

Event summary

  • Texas Realtors presented annual awards on February 6, 2026, at their Winter Meeting in Austin.
  • Sarah Norman (Bryan-College Station) received the Texas Realtor of the Year award, recognizing over 40 years of service.
  • Paula McDonald (Granbury) won the William C. Jennings Award for a commercial redevelopment project transforming a historic building.
  • Several local Realtor associations were recognized for innovation, marketing, and educational programs.
  • Cade Fowler of the Lubbock Association of Realtors received the Tom D. Morton Award for leadership and advocacy.

The big picture

The Texas Realtors Awards underscore the enduring importance of professional development, community involvement, and advocacy within the real estate sector. The recognition of long-term service and leadership demonstrates a commitment to institutional knowledge and a focus on preserving the industry's influence. The awards also highlight the continued need for innovation in commercial real estate, particularly in adapting historic properties to meet evolving market demands.

What we're watching

Advocacy Focus
The emphasis on grassroots advocacy and TREPAC investment suggests Texas Realtors will continue to actively engage in legislative efforts to protect private property rights, potentially facing increased scrutiny as regulatory environments evolve.
Succession Planning
With several award recipients nearing or past retirement age, the industry should monitor how effectively leadership transitions will maintain the level of engagement and expertise demonstrated by these long-serving members.
Commercial Trends
The recognition of Paula McDonald's redevelopment project highlights the ongoing demand for mixed-use spaces and adaptive reuse of historic buildings, indicating a continued focus on revitalizing urban areas and tourism-driven markets.

Texas Million-Dollar Home Sales Surge to Record High

Event summary

  • Texas recorded 14,418 sales of homes priced at $1 million or more between November 2024 and October 2025, a 12% increase year-over-year.
  • The collective sales value of these homes reached $24.5 billion, also a new record.
  • New listings in the $1 million+ price range increased to 32,793, up from 28,325 the previous year.
  • Million-dollar homes accounted for 17.2% of all residential sales dollar volume, up from 15.7% the prior year.
  • The Houston MSA saw the largest increase in $1 million+ home sales, rising 18%.

The big picture

The surge in Texas million-dollar home sales underscores the state's continued appeal as a destination for high-net-worth individuals and investors, fueled by factors like job growth and favorable tax policies. However, the concentration of sales within a few major metropolitan areas and the slight decline in closing prices relative to listing prices suggest potential vulnerabilities in the luxury market. This trend highlights the importance of localized market analysis and a nuanced understanding of buyer behavior.

What we're watching

Regional Disparities
The concentration of sales in the four largest metros (Dallas-Fort Worth, Houston, Austin, and San Antonio) suggests limited broader market participation, potentially indicating a bifurcated housing landscape.
Price Sensitivity
The fact that homes closed at only 90-94% of original listing prices in San Antonio and Houston, respectively, suggests a cooling in buyer enthusiasm or increased negotiation power, which warrants monitoring.
Price Per Sq Ft
The continued increase in average price per square foot for million-dollar homes, significantly outpacing the broader market, indicates a widening gap in value perception and affordability, which could impact future sales velocity.

Texas Million-Dollar Home Sales Surge, Signaling Wealth Concentration

Event summary

  • A record 14,418 Texas homes sold for $1 million+ between November 2024 and October 2025, a 12% increase year-over-year.
  • The total sales value of these homes reached $24.5 billion, also a new record.
  • Dallas-Fort Worth-Arlington accounted for 38% of $1 million+ home sales, totaling $9.7 billion.
  • The average price per square foot for $1 million+ homes rose to $423, more than double the average for all Texas homes ($188).

The big picture

The surge in Texas million-dollar home sales underscores the state's continued appeal to affluent buyers and highlights a growing wealth concentration. While the segment remains a small portion of the overall market, its disproportionate contribution to sales dollar volume indicates its significant impact on the state's real estate economy. The increasing price per square foot and closing price percentages suggest a market that, while robust, may be experiencing localized shifts in buyer sentiment.

What we're watching

Metro Disparities
The concentration of high-end sales in Dallas-Fort Worth-Arlington and Houston suggests widening regional economic disparities within Texas, which could impact future infrastructure investment and tax revenue distribution.
Price Sensitivity
The fact that homes are closing at only 90-94% of listing prices in San Antonio and Houston indicates potential softening in those markets, which warrants monitoring for broader price corrections.
Luxury Demand
Continued growth in the $1 million+ segment, despite representing a small portion of overall sales, suggests sustained demand from high-net-worth individuals, potentially driven by factors like remote work and investment diversification.
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