Texan homebuyers and sellers have shown continued confidence in the real estate process, with a high level of satisfaction reported in the 2024 Texas Homebuyers and Sellers Report from Texas REALTORS®. The report indicates that despite rising mortgage rates and home prices, individuals in Texas view their home purchases as good long-term investments.

The report reveals that 31% of all buyers were first-time buyers, reflecting a 7-point increase from the previous year. Additionally, 60% of buyers identified finding the right home as the most challenging step in the process, leading to compromises in price, condition, and size for more than three-quarters of buyers.

For sellers, the primary reasons for selling were to move closer to friends and family (23%) and job relocation (14%). A majority of sellers (62%) undertook renovations before selling, with over half (52%) hosting open houses to attract potential buyers.

Agent involvement was significant in the home transactions, with 89% of buyers and 92% of sellers utilizing an agent. The satisfaction levels were notably high, as 89% of buyers and 82% of sellers expressed willingness to work with their agents again, while 91% of all parties reported being satisfied with the buying or selling process.

Reflecting on the positive findings, Jef Conn, Chairman of Texas REALTORS®, emphasized the importance of direct interactions between REALTORS® and clients. Conn stated, "It’s gratifying to see that the overwhelming majority of homebuyers and sellers have positive experiences and value the professionalism and service provided by their REALTORS®."