Houston among top 10 U.S. cities with most ‘new’ homes on the market

Among U.S. cities, Houston has the eighth-highest percentage of newer homes for sale. According to a new report by Homes.com, 29.3 percent of Houston homes on the market were built in 2000 or later.

Here are the top 10 cities with the most newer homes for sale:

1. New Orleans, 40.8 percent
2. Raleigh, North Carolina, 38.4 percent
3. Nashville, Tennessee, 35.4 percent
4. Austin, Texas 34.6 percent
5. Atlanta, Georgia 34.4 percent
6. Miami, Florida 33,9 percent
7. Charlotte, North Carolina, 33.9 percent
8. Houston, Texas 29.3 percent
9. Las Vegas, Nevada 28.9 percent
10. Boston, Massachusetts 27.7 percent

View the full list here.

Austin ranked No. 4 on the list with 34.6 percent of its listings considered “new” while Dallas ranked No. 17 on the list with 23.5 percent of its listings being built in 2000 or later.

Despite so many “new” homes on the market in the Houston area, the region’s single-family home inventory remains at a record-low 1.4-months supply, down from a 3.4 month supply in April 2020.

“In my 20 years in real estate, I have never seen such dramatic forces sweeping across the Houston housing market as we have experienced since the coronavirus pandemic began,” HAR Chairman Richard Miranda said in a release. “The market is humming along at a record pace, fueled by low mortgage rates despite dwindling inventory and rising prices. However, without a healthy boost in new listings in the weeks and months ahead, the current pace of sales cannot be sustained.”

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