Housing Report for Dallas-Fort Worth-Arlington Metropolitan Statistical Area – August 2023

Single-Family Homes SUMMARY

Sales volume for single-family homes decreased 8.23% YoY from 8,778 to 8,056 transactions.

Year-to-date sales reached a total of 59,722 closed listings.

Dollar volume dipped from $4.36 billion to $4.13 billion.

The average sales price rose 3.02% YoY from $497,195 to $512,210.

The average price per square foot declined from $211.14 to $209.88.

Median price declined 1.22% YoY from $410,000 to $405,000,

The median price per square foot declined from $200.45 to $197.89.

Months inventory for single-family homes rose from 2.3 to 2.7 months supply.

Days to sell rose from 58 to 72.

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(Days to Sell = Days on Market + Days to Close)

(YoY – Year-over-Year is a calculation commonly used in economics or financial data to show how information from one time period compares to the year prior.)

Dallas-Fort Worth Housing Report August 2023 (single family homes residential)

August 2023 | YoY %

Home Sales: 8,056 | -8.23%

Dollar Volume: $4,126,360,493 | -5.45%

Median Close Price: $405,000 | -1.22%

New Listings: 10,474 | -4.19%

Active Listings: 19,591 | 5.66%

Months Inventory: 2.7 | 20.33%

Days to Sell: 72 | 24.14%

Average Price PSF: $209.88 | -0.60%

Median Price PSF: $197.89 | -1.28%

Median Square Feet: 2,111 | 0.62%

Close to Original List Price: 96.64% | -1.51%

COLLIN COUNTY HOUSING REPORT – August 2023

August 2023 | YoY %

New Listings: 1,882 | + 7.0%

Average Sales Price: $594,537 | – 2.3%

Median Sales Price: $515,000 | – 1.9%

Days on Market Until Sale: 34 | + 47.8%

Inventory of Homes for Sale: 3,097 | – 9.8%

Months Supply of Inventory: 2.5

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About the data used in this report

Data used in Dallas-Fort Worth- Arlington report come from Texas Realtor® Data Relevance Project, a partnership between the Texas Association of Realtors® and local Realtor® associations throughout the state. The analysis is provided through a research agreement with the Real Estate Center at Texas A&M University

Data used in Collin County report come from North Texas Real Estate Information Services, Inc.