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

Single-Family Homes SUMMARY

Sales volume for single-family homes decreased 1.86% YoY from 9,034 to 8,866 transactions.

Year-to-date sales reached a total of 35,028 closed listings.

Dollar volume dipped from $4.83 billion to $4.52 billion.

The average sales price dipped 4.63% YoY from $534,560 to $509,825

The average price per square foot subsequently declined from $220.41 to $210.17.

Median price declined 5.75% YoY from $435,000 to $410,000

The median price per square foot also declined from $207.41 to $197.33.
Months inventory for single-family homes rose from 1.3 to 2.2 months supply.

Days to sell rose from 54 to 77.

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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 May 2023 Realtor in Dallas-Fort Worth - Oleg Sedletsky 214-940-8149

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

May 2023 | YoY %

Home Sales: 8,866 | -1.86%

Dollar Volume: $4,520,107,135 | -6.40%

Median Close Price: $410,000 | -5.75%

New Listings: 11,112 | -13.10%

Active Listings: 16,330 | 50.67%

Months Inventory: 2.2 | 74.04%

Days to Sell: 77 | 42.59%

Average Price PSF: $210.17 | -4.64%

Median Price PSF: $197.33 | -4.86%

Median Square Feet: 2,128 | -0.75%

Close to Original List Price: 97.36% | -7.35%

COLLIN COUNTY HOUSING REPORT – May 2023

May 2023 | YoY %

New Listings: 1,985 | – 16.2%

Average Sales Price: $590,118 | – 8.8%

Median Sales Price: $524,990 | – 8.8%

Days on Market Until Sale: 41 | + 192.9%

Inventory of Homes for Sale: 2,350 | + 14.5%

Months Supply of Inventory: 1.9

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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.