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.

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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. In this report the comparison is between November 2022 vs November 2021)

Dallas-Fort Worth Housing Report July 2023 Realtor in Dallas-Fort Worth - Oleg Sedletsky 214-940-8149

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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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.