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

Single-Family Homes SUMMARY

Sales volume for single-family homes decreased 6.31% YoY from 8,194 to 7,677 transactions.

Year-to-date sales reached a total of 51,656 closed listings.

Dollar volume dipped from $4.18 billion to $3.96 billion.

The average sales price rose 1.09% YoY from $510,525 to $516,096,

The average price per square foot declined from $214.12 to $211.56.

Median price declined 1.19% YoY from $420,000 to $415,000.

The median price per square foot declined from $204.13 to $198.31.

Months inventory for single-family homes rose from 2.2 to 2.6 months supply.

Days to sell rose from 53 to 71.

—

(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 July 2023 (single family homes residential)

July 2023 | YoY %

Home Sales:  7,677 | -6.31%

Dollar Volume:  $3,962,072,090 | -5.29%

Median Close Price:  $415,000 | -1.19%

New Listings:  10,350 | -20.67%

Active Listings:  18,827 | 1.84%

Months Inventory:  2.6 | 16.12%

Days to Sell:  71 | 33.96%

Average Price PSF:  $211.56 | -1.19%

Median Price PSF:  $198.31 | -2.85%

Median Square Feet:  2,145 | 1.18%

Close to Original List Price:  97.28% | -3.35%

COLLIN COUNTY HOUSING REPORT – July 2023

July 2023 |  YoY %

New Listings:  1,815  | – 18.7%

Average Sales Price:   $590,938 | – 1.4%

Median Sales Price:  $512,990 | – 3.2%

Days on Market Until Sale:  31 | + 63.2%

Inventory of Homes for Sale:  2,921 | – 16.4%

Months Supply of Inventory: 2.4

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Princeton, TX is located in Collin County Texas and is part of Dallas-Fort Worth metropolitan area.

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.

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