North Dallas Market Pulse
June single-family transactions increased while inventory climbed, pointing to a steadier, more balanced market across the region.
June, a 7 percent increase from the same month last year. Dollar volume rose 8 percent to nearly $4.8 billion.
The latest market numbers reflect ongoing confidence in the North Texas housing market even with elevated mortgage rates. The average sales price increased slightly to $535,376 while the median sales price remained unchanged at $405,000.
Active listings rose 4 percent year-over-year to 31,914 homes. Months of inventory increased to 4.4 months, offering buyers greater selection and creating a more balanced marketplace than the highly competitive conditions of recent years.
Homes sold for approximately 95.5 percent of original list price on average and spent 54 days on the market, a modest increase from one year ago. Pending sales declined 9 percent while new listings fell 7 percent compared to last June.
Price-per-square-foot metrics remained relatively stable. Average price per square foot was $208.19 and median price per square foot was $190.03 — both showing only small year-over-year changes.
North Texas remains one of the nation’s stronger housing markets, with a healthier balance developing that benefits informed buyers and sellers.
Johnny Apple at Compass can help you understand what is happening in your neighborhood and price range.
Send your neighborhood plus price range.
Use our tech-driven home search tool to explore the available listings in your area and sign-up for listing alerts and create listing alerts and receive emails when a new listing meets your search criteria to be in the know.
Home prices are slowly on the rise. Request a comprehensive home value analysis from Johnny today.
Compass
2595 Dallas Pkwy, Ste 300
Frisco, Texas, 75034
Johnny Apple REALTOR, Compass RE Texas