Texas Coast Area Comparisons

The pandemic market bubble has coalesced the coastal DOMs (days on market) like never before, it will be interesting to see if these return to their pre-pandemic differences as each area adapts to reduced demand in 2023-2024.

The pandemic market bubble increased prices in the second-home areas of Port Aransas, South Padre, and Crystal Beach to a much greater degree than Galveston and North Padre which are primarily residential neighborhoods.

Total sales and the number of sales decreased at the end of 2022 in each area.

The decrease in total sales is both an early indication that the pandemic market bubble demand is diminishing and that the coastal markets are still at peak but lack desirable active listings.