According to a new report by the Texas Realtors, first-time buyers accounted for 21% of all homebuyers in Texas in 2025, near the all-time low of 20% recorded the previous year. The report, Texas Homebuyers and Sellers Report, was released on April 10.
The report shows that homebuyers in Texas had a median age of 58, tying the all-time high set in 2024 and close to the U.S. record of 59. Nationally, the median age of buyers has increased from 31 in 1981 to 59 in 2025.
“Today’s first-time buyers were not in the housing market during the pandemic years of low mortgage rates and quick home value increases, which may leave some of them feeling a step behind,” said Jennifer Wauhob, Chairman of Texas Realtors. “Meanwhile, homeowners who built up some equity may be able to sell and make a substantial down payment on another home.”
The share of homes bought with all cash also reached a record high at 30% in 2025, more than double the percentage seen in 2017 when only 14% of homes were purchased without financing.
Nearly three-quarters (74%) of sellers reduced their asking price two or more times before selling—a rise of 53 percentage points from the previous year—while an additional 18% reduced their price once.
Wauhob said, “Nationally, the length of time sellers have stayed in their homes before selling is at an all-time high of 11 years, but listings have increased dramatically in the recent past. Expectations can be out of date on both sides of the deal, so often there’s a sorting-out process.”
According to the report, satisfaction with real estate agents remained high among both buyers and sellers. The report found that 91% of sellers and 93% of buyers expressed satisfaction with their experience. Among homesellers, 87% would definitely or probably use the same agent again; for buyers this figure was even higher at 90%. The findings are based on transactions between July 2024 and June 2025.
More information about these trends is available through the organization’s press release.