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

Single-Family Homes SUMMARY

Sales volume for single-family homes increased 0.5% YoY from 8,017 to 8,057 transactions.

Year-to-date sales reached a total of 18,769 closed listings.

Dollar volume dipped from $3.87 billion to $3.81 billion.
The average sales price dipped 1.94% YoY from $482,699 to $473,332

The average price per square foot subsequently declined from $206.53 to $200.19.

Median price declined 2.13% YoY from $400,000 to $391,500

The median price per square foot also declined from $195.91 to $191.24.
Months inventory for single-family homes rose from 0.8 to 2.1 months supply

Days to sell rose from 62 to 92.

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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 March 2023 (single family homes residential)

March 2023 | YoY %

Home Sales: 8,057 | 0.50%

Dollar Volume: $3,813,638,623 | -1.45%

Median Close Price: $391,500 | -2.13%

New Listings: 10,078 | 1.21%

Active Listings: 15,397 | 135.10%

Months Inventory: 2.1 | 170.98%

Days to Sell: 92 | 48.39%

Average Price PSF: $200.19 | -3.07%

Median Price PSF: $191.24 | -2.38%

Median Square Feet: 2,114 | 2.32%

Close to Original List Price: 95.56% | -8.67%

COLLIN COUNTY HOUSING REPORT – March 2023

March 2023 | YoY %

New Listings: 1,709 | + 1.2%

Average Sales Price: $570,172 | – 5.7%

Median Sales Price: $500,000 | – 7.4%

Days on Market Until Sale: 53 | + 178.9%

Inventory of Homes for Sale: 2,142 | + 100.6%

Months Supply of Inventory: 1.7 | + 100.0%

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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.