Texas tops list of states with inventory above pre-pandemic levels

😎 Welcome, Friday Jr. Today's newsletter is 559 words — a 2.5-minute read.

1. NAR: Realtors managed to grow their income by 4%

According to the latest member profile from the National Association of Realtors (NAR), the median gross income for Realtors rose by 4% in 2024, reaching $58,100. The report also highlighted steady business activity, with the typical Realtor closing 10 transactions valued at a total of $2.5 million.

Experience continues to play a significant role in earnings. Realtors with 16 or more years in the industry earned a median income of $78,900, while those with two years of experience or less made just $8,100.

While most Realtors (70%) primarily focus on residential sales, many are diversifying their services. A growing number now offer residential property management (15%), relocation assistance (14%), and commercial brokerage (14%). Other key secondary specialties include land and development sales (8%), counselling (5%), and commercial property management (5%).

2. Existing homes are more expensive than new homes

According to the National Association of Home Builders (NAHB), existing single-family homes are now more expensive than new ones. In Q2, the median price of a new home dropped to $410,800, while the median price of an existing home rose to $429,400—driven by limited resale inventory and a steady pace of new construction.

New home prices declined for the ninth consecutive quarter, falling 0.9% year-over-year. In contrast, existing home prices increased for the eighth straight quarter, rising 1.7%.

The trend is most balanced in the South, where the median prices of new and existing homes are nearly identical—both hovering around $375,000.

A MESSAGE FROM THE HUSTLE DAILY

200+ AI Side Hustles to Start Right Now

AI isn't just changing business—it's creating entirely new income opportunities. The Hustle's guide features 200+ ways to make money with AI, from beginner-friendly gigs to advanced ventures. Each comes with realistic income projections and resource requirements. Join 1.5M professionals getting daily insights on emerging tech and business opportunities.

Get the guide

3. Catch up quick

💰 504,000-acre New Mexico ranch sells after $115M listing. (MasionGlobal)

🚨 Homebuyers sue brokerage, Raleigh Realty, alleging it steered them to lender, CrossCountry Mortgage. (Inman)

🏛️ Greg Abbott files lawsuit to remove House Democratic Caucus chair. (NBCNews)

🏘️ Texas issues $99M in tax credits to support affordable housing. (TRERC)

💔 Dallas ranch realtor killed by buffalo on South African hunting trip. (NYPost)

4. Mapped: Minimum income needed to buy a home

According to the latest data from Realtor.com, the typical U.S. household earned about 46% less than the income needed to afford a median-priced home, listed at $439,950 in July.

An analysis of July figures across all states reveals that the minimum recommended income to afford a median-priced home exceeds the median household income in every state—ranging from just under 0.6% to a staggering 138% difference.

5. Texas tops list of states with inventory above pre-pandemic levels

According to ResiClub, active listings rose 25% nationally between July 2024 and July 2025, shifting many previously hot markets into more balanced — and in some cases, buyer-friendly territory.

Despite this uptick, national housing inventory remains 11% below July 2019 (pre-pandemic) levels. However, Texas is one of just 12 U.S. states where active listings have now surpassed those 2019 levels, making it a standout market where buyers are beginning to regain leverage.

Here are the top 5 markets where inventory levels have surpassed 2019 inventory levels:

• Texas: +32%

• Tennessee: +31%

• Washington: +31%

• Arizona: +30%

• Colorado: +29%

A MESSAGE FROM PACASO

Former Zillow exec targets $1.3T

The top companies target big markets. Like Nvidia growing ~200% in 2024 on AI’s $214B tailwind. That’s why the same VCs behind Uber and Venmo also backed Pacaso. Created by a former Zillow exec, Pacaso’s co-ownership tech transforms a $1.3 trillion market. With $110M+ in gross profit to date, Pacaso just reserved the Nasdaq ticker PCSO.

Invest for $2.90/Share

_{Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.}

☀️ Thank you for starting your day with us!

If you like this newsletter, your friends may too. Forward it to a friend, and let them know they can subscribe here.

Interested in advertising to 50k+ Texas Realtors? Email [email protected]