Residential Market Trends Insights From Brazos Appraisal

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Impact of Rising Interest Rates

  • Mortgage rates climbed from around 3% in 2021 to nearly 7% by mid-2024, reducing housing affordability and slowing home sales in Brazos County.
  • Higher borrowing costs led to a 14.7% drop in housing inventory recently, causing more price pressure on existing homes
  • These trends have influenced property valuations under Brazos Appraisal, as appraisers adjust assessments to reflect market shifts.

The Brazos County Appraisal District now factors in slower market activity and revised price patterns when setting assessed values.

Housing Inventory Trends in Residential Market

  • The housing supply increased from 3.2 months in April 2023 to 4.2 months by May 2025, reflecting a softening market.
  • Average days on market rose from 22 to 35 days over the same period, indicating homes are staying listed longer.
  • In May 2025, new listings rose by 12% year‑over‑year, while active listings grew 23%, signaling more choice for buyers.

These shifts impact annual valuations reported by Brazos Appraisal, and appraisers at Brazos County CAD are adjusting assessments to reflect slowing turnover and increased availability.

Single-Family Home Construction Overview

  • Single-family home construction fell from around 3,500 permits in 2007 to under 1,200 by 2011 during the Great Recession
  • Permits have gradually increased since 2011 but remain below pre-recession highs, showing a steady recovery.
  • Since 2020, new residential developments appraised by Brazos Appraisal have added more market value than standard reappraisals.

These trends in Brazos County show a housing market shaped by both new builds and adjustments to existing property values.

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