Texas ranks third among states with biggest housing price decreases in 2023

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Texas has the third cheapest house prices in 2023 with a price drop on average 0.42%, saving buyers around $1,241 per purchase.

A new study has revealed the states where house prices have decreased the most over the last year, signaling which states are looking better for home buyers, and which need to improve.

The research, conducted by real estate website New Jersey Real Estate Network, analyzed data from Zillow from January 2023 to December 2023 to determine which states had the highest and lowest percentage increase in the average house value.

The study comes at a time when prospective buyers are finding it harder to find good properties within their budgets, making the search to secure a home more intense than ever.

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Source: CW33

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