Dallas sellers are giving ground. The median listing price there dropped 3.2 percent, from $439,000 to $425,000, per FRED and realtor.com. That's real money off the asking price, and it comes while Dallas rent barely moved, up 0.1 percent to $1,659 per Zillow. If you've been priced out of Dallas, this is the first crack in the wall.
Gas is the story everyone's feeling at once. Every metro we track, Dallas, San Antonio, Austin, Houston, and the state as a whole, saw the same jump, 2.9 percent, to $3.88 a gallon per AAA. That's not a local fluke, that's Texas across the board. Your commute costs more no matter which of these cities you call home.
Austin's got the best combination this month. Listing prices there fell 2.6 percent to $450,000, and unemployment dropped 2.4 percent to 4.0 percent, the lowest of any metro on this list, per BLS. Cheaper homes and more people working. That doesn't happen together very often.
Everywhere else, the moves are smaller but they lean the same direction. San Antonio and Houston both saw unemployment tick down 2.1 percent and 1.9 percent respectively, per BLS, while home values in both cities slipped slightly. Statewide, unemployment actually rose 2.3 percent to 4.5 percent, so don't assume the metro trend holds for every corner of Texas.
- Dallas's median listing price fell 3.2% to $425,000 in August, per FRED / realtor.com.
- Dallas's regular gas price rose 2.9% to $3.88 in September, per AAA.
- San Antonio's regular gas price rose 2.9% to $3.88 in September, per AAA.
- Austin's regular gas price rose 2.9% to $3.88 in September, per AAA.
- Houston's regular gas price rose 2.9% to $3.88 in September, per AAA.
- Texas's regular gas price rose 2.9% to $3.88 in September, per AAA.
- Austin's median listing price fell 2.6% to $450,000 in August, per FRED / realtor.com.
- Austin's unemployment rate fell 2.4% (0.1 points) to 4.0% in July, per BLS.
- Texas's unemployment rate rose 2.3% (0.1 points) to 4.5% in July, per BLS.