Is It a Good Time to Buy in Texas?

Everyone seems to have an opinion about the Texas housing market right now. Some people say it's cooling off and it's finally a buyer's market. Others say prices are still too high and you should wait. And if you're sitting in the middle of all that noise, trying to figure out if this year is the right time to buy, I get it — it's confusing.

Here's what I tell my clients: you don't need to predict the market. You need to read it. There's a big difference.

Let me walk you through the signals I actually look at when someone asks me, "Liuver, is now a good time to buy in Texas?"

What Texas Home Prices Are Actually Doing Right Now

Texas saw massive price spikes between 2020 and 2022. A home that was $220,000 in San Antonio in early 2020 was selling for $310,000 or more by mid-2022. That was unsustainable, and the market knew it.

Since then, prices have softened in many Texas metros — not crashed, but corrected. In cities like Austin, you're seeing more price reductions and longer days on market. In Houston, Dallas, and San Antonio, the market is more stable but definitely less frenzied than it was.

What does that mean for you? More negotiating room. More inventory. Fewer situations where you're competing against 12 other offers and waiving inspections. That alone changes the buying experience significantly.

How to Read Inventory Levels Like a Pro

One of the clearest signals I watch is months of supply — how long it would take to sell all the homes currently listed if no new ones came on the market.

• Under 3 months = seller's market (they have leverage)
• 4–6 months = balanced market
• Over 6 months = buyer's market (you have leverage)

Many Texas markets are sitting around 3–5 months right now, depending on the city and price range. That's much healthier than the 1–2 months we saw in 2021. It means you have options — and time to think.

What Interest Rates Mean for Your Monthly Payment (Real Numbers)

I know rates are top of mind. Let me make this concrete.

On a $280,000 home with 5% down ($14,000), your loan amount is $266,000. Here's how the rate changes your monthly principal and interest:

• At 6.5%: ~$1,682/month
• At 7.0%: ~$1,770/month
• At 7.5%: ~$1,862/month

That's roughly an $88–$180 difference per month depending on where rates land. Not nothing — but for a lot of families, the stability of owning versus renting makes more sense than waiting for rates that may or may not drop.

And here's the thing: if rates do drop later, you can refinance. You can't go back and buy the same house at today's price if values go back up.

The Real Question: Is It a Good Time for You?

The market doesn't care about your situation. I do.

The honest answer to "is it a good time to buy?" is: it depends on your numbers, not the headlines. I've helped clients buy in hot markets and slow markets, and the ones who did well were the ones who were financially ready — not the ones who timed it perfectly.

Ask yourself:

• Is your credit score above 580? (There are options even below that.)
• Do you have some savings for a down payment — even just 3–3.5%?
• Is your income stable enough to handle a fixed monthly payment?
• Are you planning to stay in Texas for at least 3–5 years?

If most of those are yes, waiting might cost you more than acting — especially in Texas, where population growth continues to push long-term demand.

Next Steps: Stop Guessing, Start Knowing

The best move you can make right now isn't to wait for the "perfect" market. It's to understand your own position clearly so you can act with confidence when the right home shows up.

Write me directly. Tell me where you're looking, what your budget is, and where you're starting from — credit, savings, all of it. I'll give you a straight answer, not a sales pitch. That's what I'd want if I were in your shoes.