September 01, 2023

Texas was the third most popular state in the U.S. for international buyers of residential properties (11.7% of all homes purchased by international buyers), behind Florida (23%) and California (12.2%).

Total dollar volume $4.3 billion

9,900 sales

Median sales price $320,800

49% paid cash

Country of origin Mexico 41% China 8% India 7% Nigeria 5% Venezuela 5%

Type of foreign buyer Resident 61% Non-resident 39%

Type of property purchased Primary residence 51% Rental property 18% Vacation home 10% Student use 6%

76% bought detached single-family home

Top reasons an international client didn’t purchase a property Cost of property 36% Could not find property to purchase 34% Could not obtain financing 24% Immigration laws 19% Property taxes 15%

View the full report and other survey results at texasrealestate.com/research.

Research by NAR. Buyers purchased homes from April 2022 to March 2023. Margin of error is +/- 3.1%.