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February 2025 DFW Real Estate Stats

by ResourcesStatsVideo

February brought continued strength to the North Texas real estate market, with rising inventory, steady sales activity, and moderate price growth signaling a strong start to the year. Buyers are gaining more options while sellers continue to benefit from solid property values and increased demand. As we watch 2025 unfold, the numbers suggest that North Texas remains a vibrant, opportunity-filled market.

 Key Market Trends by County

  • Collin County
    Inventory growth continues to lead the region with 7,907 active listings, a 42.1% increase from last year. New listings also rose to 1,860, up 7.6%, providing fresh opportunities for buyers. Closed sales declined 6.4% to 1,085. The average sales price rose modestly to $551,465, up 1.7, while the average days on market increased to 66, suggesting that while homes are still selling, buyers may be taking a little more time to make decisions.
  • Dallas County
    Dallas County continues to reflect strong market activity. Active listings reached 11,860, a 33.5% increase, while new listings edged up 4% to 2,717, keeping inventory levels refreshed. Closed sales were down 6.5%, totaling 1,402, and the average sales price rose 6.8% to $534,530—a notable jump that underscores buyer confidence. Homes are staying on the market longer, with average days on market up to 57, a 23.9% increase.
  • Denton County
    Denton is holding strong with 6,425 active listings, a 32.9% jump from last year. New listings hit 1,739 (up 10%) while closed sales dropped by 7.9%, reaching 952. Although the average sales price held nearly flat at $528,781 (down just 0.1%), the consistent activity and modest pricing make Denton a balanced and competitive market. Homes are selling a bit more slowly, with days on market up 14.5% to 63 days.
  • Rockwall County
    Rockwall continues to shine, especially for a smaller market. New listings surged 29.7% to 306. Similar to other North Texas counties, closed sales had a 28.6% decrease, totaling 140. The average sales price climbed a robust 12.7% to $559,539, reflecting increased demand and value in this growing community. Active listings also rose 10.1% to 1,142, while homes are spending an average of 91 days on the market, up just slightly from last year.
  • Tarrant County
    In Tarrant County, active listings grew to 9,855, up 19.3%, and new listings dropped 8.1% to 2,423. Closed sales were also down, decreasing 8.4% to 1,468. The average sales price rose slightly to $416,808 (up 0.3%), showing price stability in a popular and competitive county. The average days on market increased by 17%, landing at 62 days—indicating more thoughtful purchasing behavior from buyers.

With inventory rising and home prices showing modest but steady gains, North Texas enters the spring season with a balanced outlook. Buyers have more to choose from, sellers are still benefiting from strong values, and the pace of sales is giving everyone a little more breathing room.

At Republic Title, we’re committed to helping you navigate whatever the market brings. Whether you’re buying, selling, or investing in 2025, trust our team of experts to deliver smooth, secure transactions backed by unmatched local insight.

Our stats infographics include a year over year comparison and area highlights for single family homes broken down by county. We encourage you to share these infographics and video with your sphere.

For more stats information, pdfs and graphics of our stats including detailed information by county, visit the Resources section on our website at DFW Area Real Estate Statistics | Republic Title of Texas.

For the full report from the Texas A&M Real Estate Research Center and for NTREIS Local Market reports click here.

Texas-Housing-Insight-December-2024

Texas Housing Insight December 2024 Summary

by Real Estate ArticlesResourcesStats

All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month-over-month, unless stated otherwise.

In a sign of stabilization, Texas’ home sales rose significantly in December to deliver a strong fourth-quarter finish going into 2025. Rising sales were seen broadly across all major markets (Austin, Dallas-Fort Worth, Houston, and San Antonio) as well as in smaller markets outside the Big Four. 4Q2024 marks the first time since the beginning of the housing recession that home sales rebounded strongly to end the year with double-digit year-over-year (YoY) growth.           

Home prices remained steady and ended the year higher than a year ago. Positive year-end trends also captured rising new listings and rising inventory amid strong fourth-quarter sales momentum. Mortgage rates remained high going into 2025 despite a third round of interest rate cuts by the Federal Reserve in December. Mortgage rates are likely to stay near where they are during persisting signs of market jitters over inflationary pressure.

December’s Seasonality: Small Market Sales Up, Big Four Sales Down 

In most years, sales rebound in December after a weak November, and this year is not any different. What was different was that December’s seasonal rebound was driven by strong sales in markets outside the Big Four. Statewide, there were 28,868 home sales in December, up 1.6 percent from November. In the major metros, aggregate sales volume (19,066) declined by 9.4 percent, driven by a 21 percent drop in DFW and a 4.9 percent drop in Houston. Sales were up 4.9 percent in Austin and 0.5 percent San Antonio. Outside the major markets, total home sales (9,802) surged 33.5 percent from November (Table 1).

First Positive YoY Sales Since 2022

Total statewide home purchases were up 10.7 percent from a year ago, marking the first time since the 2022 housing recession that sales volumes came in higher than the year before. These strong fourth-quarter sales were broadly seen across various markets. In the Big Four, was Austin saw 7.6 percent sales growth, DFW 16.4 percent, Houston 16.5 percent, and San Antonio 8.2 percent. Home sales were up an average of 6.7 percent in smaller markets.   

Positive Trends in New Listings and Inventory  

Statewide new listings were up slightly in December on a month-over-month (MoM) basis. Among the Big Four, new listings rose 2.7 percent in Austin, 2.6 percent in San Antonio, and 1.6 percent in Dallas, but declined in Houston by 2.4 percent. On a YoY basis, new listings were up 7.6 percent statewide, 7 percent in Austin, 10.8 percent in DFW, 14.9 percent in Houston, and 8.4 percent in San Antonio.  

During December, statewide average days on market (DoM) was 63 days, comparable to the pre-pandemic turnover pace. Average DoM was 58 days in DFW, 77 days in Austin, 53 days in Houston, and 75 days in San Antonio.  

At year-end, statewide active listings totaled 123,364, slightly lower than the previous month. Austin’s MoM decline (12.3 percent) was its slowest pace of MoM decline for a December since 2021. Active listings were down slightly in San Antonio (1.5 percent) and DFW (1.4 percent). Houston’s active listings were relatively unchanged in December.  

Interest Rates Remain High During Inflation Concerns 

In December, the average yield on the ten-year U.S. Treasury bond increased by 3 basis points to 4.39 percent despite the Fed cutting its policy rate target by another 25 basis points. Inflation has remained persistently above the Fed’s 2 percent target, and the December Consumer Price Index (CPI) data showed signs of re-acceleration. The Freddie Mac Primary Mortgage Market Survey’s 30-year fixed-rate mortgage ended December at 6.85 percent, up 16 basis points higher than at the start of the month.  

New-Home Starts Increased 

Statewide, building permits increased a sharp 17.7 percent MoM in December. Newly authorized permits surged 24.7 percent in DFW, while Houston and San Antonio maintained a modest upward trend, rising 5.8 percent and 2.5 percent, respectively. Building permits were relatively flat in Austin, down 1.7 percent.  

Seasonally adjusted statewide single-family starts increased 9 percent MoM to 14,207 units. Houston and DFW had the highest increases at 14.4 percent (4,491) and 11.6 percent (3,670), respectively. New housing starts were up 8.4 percent (1,567) in Austin. Despite a small positive increase in building permits, San Antonio’s new single-family starts (802) dropped 14.8 from the previous month.  

The state’s total value of single-family starts climbed from $29.8 billion in December 2023 to $40 billion in December 2024.

Texas HPI Up 2.1 Percent 

Texas’ median sales price was $335,971 in December, a 0.3 percent MoM drop (Table 2). San Antonio was up 4 percent to $314,621, Austin 3.5 percent to $454,916, DFW 0.9 percent to $404,813, and Houston 0.7 percent to $334,930.   

The Texas Repeat Sales Home Price Index, which more accurately captures home price change over time than median sales price, fell 0.1 percent month over month in December but increased 2.1 percent from a year ago.  

Source: Texas Housing Insight | December 2024 | Texas Real Estate Research Center – By Yanling Mayer, Joshua Roberson, and Junqing Wu

Texas-Housing-Insight-November-2024

Texas Housing Insight November 2024 Summary

by Real Estate ArticlesResourcesStats
November 2024 data dashboard with the following metrics: a 2.2% decrease in total home sales, $336,838 in median home price, a 6.81% increase in mortgage rates, and a 8.9% increase in single-family starts.

Home sales typically cool off by October following the busy summer homebuying months. This year is a little different as sales in both September and October came in higher than they did during the summer. With the sales momentum extending into early fall, November total home sales took an expected seasonal downturn. Housing inventory is on the rise as homes take longer to sell. This more than offsets a decline in new listings (a decline that reflects a more cautious stance among prospective sellers amid higher mortgage rates). Home prices, in the meantime, have remained relatively the same. Interest rates increased for the first time since spring 2024, defying the Federal Reserve’s second interest rate cut on Nov. 7. New single-family construction slowed down in November. Smaller markets outside the “Big Four” metros led the declines in privately-owned housing units authorized by building permits.  

Sales Decrease, New Listings Follow

November home sales came in 2.2 percent lower than the previous month at a total of 28,399 transactions, driven largely by a seasonal contraction in the Houston market, where sales dropped 10.7 percent to 7,153. Austin followed with a 3.9 percent decline to 2,454 total sales. Sales were up 1.2 percent in San Antonio, totaling 3,003 transactions, while sales in Dallas remained relatively stable, edging up by 0.7 percent to 8,445 transactions.  

Table 1. Home Sales Volume containing data for October, November and MOM Change for San-Antonio-New Braunfels, Houston-Pasadena-The Woodlands, Texas, Austin-Round Rock-San Marcos, and Dallas-Fort Worth-Arlington

November’s new listings saw a notable decline, reflecting a more cautious stance among prospective sellers amid higher mortgage rates and a seasonal market slowdown. Among the Big Four, Dallas had the most significant month-over-month (MoM) drop, down 8 percent to 11,353 active listing at the end of November. Houston followed with a 3.5 percent decrease (14,022), while San Antonio and Austin recorded more moderate declines of 1.3 percent (4,338) and 1.2 percent (3,742), respectively. The overall contraction in new listings may indicate sellers are adjusting expectations in response to mortgage rates defying the Fed’s interest rate cuts. Following the Fed’s second interest rate cut in November, mortgages rates moved in the opposite direction.  

Statewide average days on market (DOM) edged up by one day to 62 days in November. In Austin, DOM was up from 73 to 75 days. DOM was up by one day in Houston (52) and Dallas (57). San Antonio was the only major metro to see a decrease in DOM, improving from 74 to 73 days, a reflection of increased buyer activity and more competitive pricing in the region. 

Statewide housing inventory was up in November. Total active listings increased by 1.1 percent to an inventory of 124,195 by the end of the month. Among the Big Four, San Antonio and Houston saw inventory rising by 2 percent and 1.8 percent to a month-end inventory of 13,939 and 30,553, respectively. Dallas’ housing inventory remained relatively stable, edging up by just 0.2 percent. In Austin, active listings declined 0.8 percent from the previous month to 10,501 by the end of November.   

Statewide pending listings increased in November by 2.2 percent, rising from 28,340 to 28,971. Across the Big Four, pending listings exhibited mixed trends, reflecting varying levels of buyer activity. Austin led with a 7.9 percent increase, rising from 2,644 to 2,852, suggesting a rebound in buyer interest despite broader market conditions. Houston saw pending listings up 6 percent for a total of 7,770. Pending listings declined in Dallas, down 4.6 percent from 8,491 to 8,101. San Antonio saw a more moderate decline of 2.1 percent, with pending listings decreasing from 3,095 to 3,029.  

Interest Rates Up Again

In November, both Treasury yields and mortgage rates experienced notable increases, defying the Fed’s second interest rate cut on Nov. 7. The average yield on the 10-year U.S. Treasury Bond rose by 26 basis points (bps) to 4.36 percent, reflecting heightened capital market expectations of inflationary pressures building up in the economy. Similarly, the Federal Home Loan Mortgage Corporation’s 30-year fixed-rate mortgage climbed 38 bps to 6.81 percent. 

New-Home Starts Decline

Statewide building permits declined by 10.5 percent from October to November. The declines were led by smaller markets, where November’s privately-owned housing units authorized by building permits were 37.8 percent below October’s. In the Big Four metros, the declines were more moderate: Dallas (9.7 percent), Austin (7.1 percent), Houston (6.7 percent), and San Antonio (5.1 percent). 

Seasonally adjusted statewide single-family housing starts decreased by 8.9 percent since October to 13,037 units. All Big Four metros had a downturn. San Antonio and Dallas had the sharpest decrease at 18.9 percent (941) and 13.4 percent (3,289), respectively. Houston was down by 9 percent (3,925), while Austin fell 7.4 percent (1,445). 

The total value of single-family housing starts climbed from $27.73 billion in November 2023 to $34.51 billion in November 2024. At $12.14 billion, Houston accounted for 35.2 percent of the state’s total starts value. Dallas followed with $9.39 billion (27.2 percent). 

Home Prices Remain Steady

Texas’ median home price remained relatively stable in November, inching down by 0.1 percent from $336,428 in October to $336,838. Among the Big Four, Houston had the most significant decline, with prices falling 2 percent from $339,079 to $332,298. San Antonio followed with a 0.7 percent decrease, from $304,564 to $302,398. Dallas only saw a marginal 0.1 percent decrease from $402,046 to $401,744, indicating relative price stability. Austin recorded the highest price appreciation, rising 0.5 percent MoM to $436,142 amid strong pending listing activities. 

Table 2. Median Housing Prices containing data for October, November and MOM Change for Dallas-Forth Worth-Arlington, Austin-Round Rock-San Marcos, San Antonio-New Braunfels, Texas, and Houston-Pasadena-The Woodlands.

The Texas Repeat Sales Home Price Index (Jan 2005=100), which is a more accurate reflection of home price changes, fell 0.4 percent MoM in November but was up by 2 percent year over year (YoY). Austin’s annual appreciation remains below the state’s average and fell by 0.8 percent YoY in November. 

*All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month-over-month, unless stated otherwise.

Source: Texas Housing Insight | Texas Real Estate Research Center (By Yanling Mayer, Joshua Roberson, and Junqing Wu – February 24, 2025)

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January 2025 DFW Real Estate Stats

by ResourcesStatsVideo

As we move into 2025, the North Texas real estate market continues to show resilience and steady growth. Inventory is expanding, home values remain stable, and buyer activity is picking up across the region. While economic shifts and seasonal fluctuations will shape the market’s trajectory in the coming months, early indicators suggest a solid foundation for another active year in North Texas real estate.

 Key Market Trends by County

  • Collin County saw a 42.4% increase in active listings and a 24.6% rise in new listings, reflecting growing inventory. The average sales price held steady at $535,348 (up 0.8%), while closed sales inched up 3.2%. Homes are taking longer to sell, with the average days on market increasing by 20% to 66 days.
  • Dallas County experienced a 34.9% surge in active listings, coupled with a 26.2% jump in new listings, indicating a strong influx of available properties. Closed sales dropped 5.7%, and the average sales price edged up 1.9% to $510,137. Days on market increased to 57, up 18.8% from the prior year.
  • Denton County continued to grow, with active listings up 32% and new listings rising 19.5%. The average sales price increased by 3.7% to $541,503, while closed sales saw a slight 2.1% bump. The average days on market increased to 64 days, a 25.5% rise.
  • Rockwall County posted a 33.1% increase in active listings and an 8.9% rise in new listings. The average sales price climbed 11.8% to $541,236, and closed sales grew 12.3%. Homes lingered longer on the market, with the average days on market reaching 84, a 33.3% increase.
  • Tarrant County saw a 16.2% increase in new listings and a 33.1% rise in active listings, signaling a broader selection for buyers. The average sales price rose 2.1% to $419,912, while closed sales were slightly down by 1%. Homes stayed on the market for an average of 62 days, up 19.2% year-over-year.

 What’s Next for 2025?

With rising inventory levels and relatively stable price growth, North Texas remains a competitive yet promising market for both buyers and sellers. As we progress through the year, market conditions will be influenced by interest rates, economic trends, and local demand. Will inventory continue to balance the market? Will home values remain strong? The answers will unfold as 2025 takes shape, but one thing is clear—North Texas continues to be a powerhouse in real estate.

At Republic Title, we’re here to help you navigate this ever-changing market with confidence. Whether you’re buying, selling, or investing, our expertise ensures a smooth transaction every step of the way. Here’s to a year of new opportunities in North Texas real estate!

Our stats infographics include a year over year comparison and area highlights for single family homes broken down by county. We encourage you to share these infographics and video with your sphere.

For more stats information, pdfs and graphics of our stats including detailed information by county, visit the Resources section on our website at DFW Area Real Estate Statistics | Republic Title of Texas.

For the full report from the Texas A&M Real Estate Research Center and for NTREIS Local Market reports click here.

Denton County Condo Stats are not available for
January 2025 at this time. 

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2024 DFW Real Estate Year-End Stats at a Glance

by ResourcesStatsVideo

Our fourth annual stats report of the DFW real estate market is here!

We’ve taken our monthly stats-at-a-glance reports from January through December of 2024, totaled, averaged, and compared the data to the numbers from 2023.  The result is an annual report of the DFW real estate market in 2024.  

For more stats information, pdfs and graphics of our stats including detailed information by MLS area and condo stats, visit the Resources section on our website at DFW Area Real Estate Statistics | Republic Title of Texas.

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December 2024 DFW Real Estate Stats

by ResourcesStatsVideo

As we close the chapter on 2024, North Texas has proven once again why it’s a shining star in the real estate world. With an increase in listings, steady price appreciation, and a growing reputation as the top market for real estate investment, the Dallas-Fort Worth area has solidified its place as a powerhouse. Let’s reflect on how we rounded out 2024 in key counties of North Texas.

Collin County experienced a 39.5% increase in active listings, 18.1% growth in new listings, and a 12.1% rise in closed sales over December 2023. The average sales price dropped down 1.1% to $561,938, and the average days on market increased by 26% to 63 days.

Dallas County recorded a 10.3% rise in new listings, 9.9% growth in closed sales, and a 29.5% surge in active listings from a year ago. The average sales price climbed 15.4% to $590,049, with the average days on market increasing to 54 days, up 31.7%.

Denton County saw significant growth, with active listings rising 29.7%, new listings up 21.4%, and closed sales increasing by 14.6%. The average sales price rose by 5.8% to $580,487, and the days on market increased to 58 days, up 7.4%.

Rockwall County posted a 28.1% jump in active listings, an increase of 13% in new listings, and a 7.1% rise in closed sales. The average sales price climbed 15.8% to $556,204, while the average days on market rose to 87 days, up 19.2%.

Tarrant County experienced a 16.7% rise in active listings, a 4.5% increase in new listings, and a 7.6% growth in closed sales. The average sales price rose by 4.6% to $443,756, while the average days on market increased by 18.8% to 57 days.

As we step into 2025, the North Texas real estate market stands poised for what could be a transformative year. According to the Emerging Trends in Real Estate, a trends and forecast publication, undertaken jointly by PwC and the Urban Land Institute , the DFW Metroplex was recently named the nation’s top spot for real estate investment and development for 2025. Only time will tell how this year will play out, but one thing is certain: North Texas remains a beacon of opportunity and promise. At Republic Title, we’re excited to navigate the possibilities with you, offering expertise and guidance every step of the way. Let’s see what 2025 has in store!

Our stats infographics include a year over year comparison and area highlights for single family homes broken down by county. We encourage you to share these infographics and video with your sphere.

For more stats information, pdfs and graphics of our stats including detailed information by county, visit the Resources section on our website at DFW Area Real Estate Statistics | Republic Title of Texas.

For the full report from the Texas A&M Real Estate Research Center and for NTREIS Local Market reports click here.

Texas-Housing-Insight-October-2024

Texas Housing Insight October 2024 Summary

by Real Estate ArticlesResourcesStats
October 2024 summary card title

All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month-over-month, unless stated otherwise.

October 2024 data dashboard: Total Home Sales +8.8%, Median Home Price $335,773, Mortgage Rates 6.4%, Single-Family Starts 8.7%

Home sales typically cool off by October, but this year is a little different with sales in both September and October higher than they were during the summer. The rate of new listings is still on the rise resulting in rising inventory levels. Home prices, on the other hand, have remained the same. Interest rates increased for the first time since spring 2024. Finally, new-home permits were flat this month, but housing starts made a strong month-over-month (MOM) push.

Sales Increase, New Listings follow

Unlike most years when sales activity is high in July and August and low in the last quarter, 2024 showed the opposite. Sales dipped in August and increased in October by 8.8 percent (28,859) (Table 1). San Antonio had the highest sales increase, reaching almost 17 percent (2,906), followed by Houston with 12 percent (8,066) and Austin at 7 percent (2,488). Dallas was the only city among the Big Four to see a decline in sales (1 percent, or 7,432).  

Table 1. Home Sales Volume containing data for September, October and MOM Change for San-Antonio-New Braunfels, Houston-Pasadena-The Woodlands, Texas, Austin-Round Rock-San Marcos, and Dallas-Fort Worth-Arlington

New listings have been increasing since July 2024 and continued to increase in October. Among the Big Four, Houston and San Antonio experienced MOM increases of 10.3 percent (14,627) and 8.6 percent (4,447), respectively. San Antonio has been almost at a vertical incline since mid 2024. Dallas and Austin grew by 7.3 percent (12,063) and 5 percent (3,774), respectively.  

The state’s average days on market (DOM) fell to 61 days in October, a two-day drop. Houston had the largest decrease—from 53 to 50 days, a 4.3 percent decrease. Austin also fell from 73 days to 71 days, a 3.3 percent decrease, followed by San Antonio, which went from 74 days to 73 days, a 2.1 percent decrease. Dallas was the only Big Four city to see an increase in DOM—from 54 to 56 days, a 4 percent increase.   

Texas’ number of active listings increased from 122,192 to 124,663 (2 percent). There has been no significant activity in October across the Big Four. Houston increased by 2.4 percent (30,345) followed by Dallas at 1.8 percent (28,704). Austin had a 0.6 percent decrease in active listings (28,704), while San Antonio had almost no activity, remaining at 14,000 listings. 

Statewide pending listings have decreased from 29,006 to 28,516, a 1.7 percent overall drop. Dallas saw a 5.4 percent increase in pending listings, from 7,717 to 8,133, followed by Austin at 2.4 percent (2,565). Dallas has been consistently increasing since August 2024. Houston rose by 2 percent (7,577), while San Antonio fell by 0.6 percent (2,854).

Interest Rates Bounce Back

Treasury and mortgage rates both increased in October with the average ten-year U.S. Treasury Bondyield up by 38 basis points, reaching 4.1 percent. The Federal Home Loan Mortgage Corporation’s 30-year fixed-rate rose by 25 basis points to 6.43 percent. October was the first month of increase for both rates since spring 2024. Additionally, both rates have increased even as the federal funds rate has continued to drop.

New-Home Starts Rally

Statewide, building permits increased by 0.9 percent MOM in October. Except for Dallas, the Big Four had an upward trend with Austin at 17.7 percent, San Antonio at 7.6 percent, and Houston at 1.6 percent. Dallas fell by 8.6 percent.   

Seasonally adjusted statewide single-family starts increased 8.7 percent MOM to 14,332 units. Most of the Big Four had an uptick. San Antonio and Dallas had the highest increases at 30.3 percent (1,164) and 25.6 percent (3,813), respectively. Austin was up by 1.5 percent (1,555), while Houston fell 0.7 percent (4,393).

The state’s total value of single-family starts climbed from $25.4 billion in October 2023 to $32.07 billion in October 2024. Houston accounted for 35.3 percent of the state’s total starts value, followed by Dallas with 27.2 percent.

Home Prices Remain Steady

Texas’ median home price didn’t change in October, remaining at $335,000 (Table 2). Dallas grew the most—3 percent, from $393,340 to $404,995. Austin followed at 1.8 percent ($430,304 to $437,835). San Antonio rose by 0.3 percent, an increase slightly above $1,000, and currently stands at $306,624. Houston fell 0.1 percent to $337,852.   

Table 2. Median Housing Prices containing data for September, October, MOM Change for Dallas-Forth Worth-Arlington, Austin-Round Rock-San Marcos, San Antonio-New Braunfels, Texas, and Houston-Pasadena-The Woodlands.

The Texas Repeat Sales Home Price Index (Jan 2005=100), which is a more accurate reflection of home price changes, fell 0.3 percent MOM in October but increased 1.6 percent year over year (YOY). Austin’s annual appreciation remains below the state’s average and fell by 1.5 percent YOY in October.

Source: Texas Housing Insight | Texas Real Estate Research Center (By Joshua Roberson, Rhutu Kallur, and Junqing Wu – January 13, 2025)

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November 2024 DFW Real Estate Stats

by ResourcesStatsVideo

The Dallas-Fort Worth (DFW) residential real estate market showed notable year-over-year growth across key counties.

Collin County experienced a significant increase in new listings (up 19.6%), active listings (up 38.4%), and closed sales (up 22.5%), with an average sales price up 4.3% and days on market rising to 51.

Dallas County saw a modest rise in new listings (up 3.5%) and closed sales (up 3.9%), while active listings jumped 30.3%, days on market increased to 47, and average sales price edged up 1.3%.

Denton County recorded a 7.8% gain in new listings, a 25.3% boost in active listings, and a 9.4% rise in closed sales, with an average sales price climbing 7.7% and days on market reaching 59.

Rockwall County had substantial growth in new listings (up 18.5%) and closed sales (up 9.4%), with active listings up 27.5%, average sales price increasing 1.9%, and days on market at 71.

Tarrant County was the only area with a decline in new listings (down 2.3%), but it still saw a 9% rise in closed sales, a 6.7% increase in average sales price to $450,000, and a 24.4% rise in days on market to 51.

Overall, the market remains dynamic, with increasing inventory, longer selling times, and rising prices reflecting a shifting balance between supply and demand. The DFW Metroplex is poised to lead the nation as one of the hottest real estate markets in 2025, driven by robust demand, strong economic growth, and an influx of new residents and businesses. At Republic Title, we are ready to help you navigate this dynamic market with confidence. Our expert teams deliver seamless title and escrow services designed to protect your investments and ensure smooth transactions. Whether you’re building, buying, or selling, trust us to make your real estate experience the best it can be in this exciting year ahead. Happy New Year!

Our stats infographics include a year over year comparison and area highlights for single family homes broken down by county. We encourage you to share these infographics and video with your sphere.

For more stats information, pdfs and graphics of our stats including detailed information by county, visit the Resources section on our website at DFW Area Real Estate Statistics | Republic Title of Texas.

For the full report from the Texas A&M Real Estate Research Center and for NTREIS Local Market reports click here.

Texas-Housing-Insight-September-2024

Texas Housing Insight September 2024 Summary

by Real Estate ArticlesResourcesStats

All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month-over-month, unless stated otherwise.

The third quarter ended with an increase in home sales. Pending sales had a stronger increase, which could mean another positive month in October. Home prices increased slightly, and new listings decreased after stronger growth earlier in the year. In the new-home market, both permits and starts dipped in September. Growth was exceptionally strong for both in the spring, but the pace has since leveled out. 

Sales Increase, New Listings Dip 

After a dip in August, statewide seasonally adjusted home sales increased by 4.8 percent month over month (MOM), resulting in 26,165 homes sold (Table 1). Houston had the largest increase among the Big Four at 11.6 percent (7,150), followed by Dallas at 4.6 percent (7,202) and Austin at 2.6 percent (2,331). San Antonio was the only one among the Big Four to have a decrease in September (10.3 percent), resulting in 2,523 homes sold.   

The number of new listings decreased by 490, marking a 1.1 percent fall from August. After Hurricane Beryl, which hit Texas in early July, new listings in Houston plummeted but bounced back in August. Even without the hurricane, the rate of new listings statewide appears to have slowed down after an aggressive start of the year. San Antonio saw an increase of 2 percent (4,104), followed by Austin at 1.2 percent (3,587). Houston and Dallas both decreased by 4 percent each at a current new listing count of 13,412 and 11,002, respectively. 

The state’s average days on market (DOM) has remained at 62 days since August. Austin had the largest increase—from 71 to 73 days, a 2.8 percent increase. San Antonio increased from 75 to 76 days. Dallas fell from 55 days to 54 days while Houston remained at 53 days.   

Texas’ number of active listings increased from 120,019 to 122,760 (2.3 percent). Active listings across the Big Four had mixed results in September, with Dallas and Houston rising at 4.7 (28,191) and 4.3 percent (29,724), respectively, while Austin fell by 2.7 percent (11,153). San Antonio had no significant changes and increased by only 0.15 percent.   

Statewide pending listings have increased from 26,933 to 28,779, which represents 6.9 percent overall. Houston saw a significant increase in pending listings from 7,298 to 8,455 (a 15.8 percent rise), followed by Dallas at 8.2 percent (7,348). San Antonio and Austin had less fluctuation. San Antonio rose by 1 percent (2,702), and Austin fell by 0.5 percent (2,552).  

Interest Rates on the Decline 

Treasury and mortgage rates both declined in September but at a slower rate than the month before. The average ten-year U.S. Treasury Bondyield fell 15 basis points to 3.72 percent and has consistently been on the downward slope since April of 2024 September saw the lowest rates since June 2023. The Federal Home Loan Mortgage Corporation’s 30-year fixed-rate fell by 32 basis points to 6.18 percent. The Federal Reserve slashed the federal funds rate by 50 basis points and has suggested at least one more rate cut this year.  

Single-Family Permits Fall

Statewide, building permits decreased by 1.2 percent MOM in September. Except for San Antonio, which was up 1.2 percent, the Big Four had a downward trend with Dallas falling 5.4 percent (4,021), Austin 3.4 percent, and Houston 1.2 percent.    

Single-family construction starts fell after monthly increases since July 2024. Seasonally adjusted statewide single-family starts decreased 2.7 percent MOM to 13,170 units. Most of the Big Four fell in September. Dallas fell the most at 8.8 percent (3,126), followed by Houston at 3.7 percent (4,463) and Austin at 1.6 percent (1,524). San Antonio, meanwhile, increased by 4.1 percent (895). 

The state’s total value of single-family starts climbed from $22.77 billion in September 2023 to $28.9 billion in September 2024. Houston accounted for 35.6 percent of the state’s total starts value followed by Dallas with 27 percent.  

Home Price Rose Slightly

Texas’ median home price rose 0.9 percent MOM in September from $334,836 to $337,698 (Table 2). San Antonio grew by 2.9 percent at $307,363 and Houston by 1.3 percent at $337,651. Austin dipped by 1.6 percent to $430,011 while Dallas fell by only 0.1 percent to 394,079.   

The Texas Repeat Sales Home Price Index (Jan 2005=100), which is a more accurate reflection of home price changes, fell 0.4 percent MOM in September but increased 1.7 percent year over year (YOY). Austin’s annual appreciation remains below the state’s average and fell by 0.9 percent YOY in September. 

Source: Texas Housing Insight | Texas Real Estate Research Center

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October 2024 DFW Real Estate Stats

by ResourcesStatsVideo

In October 2024, the real estate market in North Texas remained dynamic, with notable changes across Collin, Dallas, Denton, Tarrant, and Rockwall counties.

In Collin County, the number of active listings increased by 28.7% from last year, but the average sales price remained steady at $563,333, showing minimal change from the prior year. The area saw a 22.6% increase in new listings, totaling 1,972, while closed sales were up by 13%, reaching 1,300. On average, homes spent 55 days on the market, which was a 37.5% increase compared to the previous year.

Dallas County continued to see strong activity with a 17.7% increase in new listings, totaling 2,914. Active listings surged by 34.6%, bringing the total to 12,863. The average sales price in the county increased by 7.3%, reaching $567,372, while average days on market increased by 39.4%, now at 46 days.

In Denton County, new listings grew by 22.8%, while active listings rose by 30%. The average sales price increased by 5.6%, reaching $567,045. The number of closed sales saw a modest rise of 4.6%, with homes spending 52 days on the market, up by 20.9%.

In Tarrant County, active listings grew by 21.1%, while new listings increased by 13.5%. The average sales price reached $431,692, up by 5.6%, and homes spent an average of 51 days on the market, up 37.8% from last year.

Rockwall County experienced a strong increase in both new listings (10%) and active listings (34.1%), with a 3.4% increase in the average sales price to $516,372. Closed sales rose by 21%.

In summary, the North Texas real estate market remained active in October 2024, with strong growth in new listings and active inventory across all counties. Historically, leading up to a presidential election, it’s common for real estate activity to slow slightly as buyers and sellers take a wait-and-see approach to economic uncertainties. As we finish up the final quarter of 2024, all eyes are on 2025, with expectations that the market will continue to evolve in response to both economic conditions and the shifting political landscape.

Our stats infographics include a year over year comparison and area highlights for single family homes broken down by county. We encourage you to share these infographics and video with your sphere.

For more stats information, pdfs and graphics of our stats including detailed information by county, visit the Resources section on our website at DFW Area Real Estate Statistics | Republic Title of Texas.

For the full report from the Texas A&M Real Estate Research Center and for NTREIS Local Market reports click here.