October 08, 2025 — AUSTIN

Many buyers adjusted their price expectations in the first half of 2025, but not all in the same direction, according to the first-ever Texas Homebuying Experience Report released today by Texas REALTORS®. The report, which presents a snapshot of members’ experiences with buyer-clients, revealed that half of the REALTORS® surveyed worked with at least one client who increased the price range of homes they were considering. But 31% worked with at least one client who decreased their target price range.

“We talk about ‘the market,’ but there are so many micro-markets,” said Christy Gessler, Chairman of Texas REALTORS®. “Buyers appreciate how REALTORS® can drill down on the data that is relevant to their particular situation.”

Buyers have time and choices, but they also have competition

Generally, REALTORS® reported that their buyers felt comfortable with the availability of homes and the time they had to look for them, with only 3% saying they felt there was a shortage of available homes and 2% feeling very pressed for time to look. But multiple offers are still a factor, with 39% of REALTORS® reporting that they had clients who competed against other offers and 63% saying their most recent client who bought a home had previously put an offer on at least one other property.

Some buyers are waiting for rates or prices to drop

Among REALTORS® who had clients stop or pause a home search, 42% said it was because homes were too expensive. In open-ended comments, many REALTORS® described buyer-clients who were unsure of their timing, hoping that prices would fall but worrying that interest rates might continue to rise.

“The timing that’s right for the individual buyer is the right timing every time,” said Gessler. “The key isn’t to predict the future of mortgage rates or home prices; it’s to fully understand what clients need in the present. REALTORS® see it all in the homebuying process—the ups, the downs, the pain points, and the shifts in mood. And no one has a better on-the-ground understanding of homebuyers and their experiences than the Texas REALTORS® who are there helping them every step of the way.”