Welcome to this month’s real estate market report for North Texas. Rising inflation, higher interest rates, and climbing home prices have caused a slowdown in the real estate market in North Texas. New listings increased year to year, sales have decreased over the last 12 months, and inventory available grew from one year ago. Find out more about North Texas real estate in this helpful report.
Are you searching for a home to buy in North Texas but not sure where to start? Begin your search for the perfect home with our easy-to-use home search tool. Find homes by price, size, location, and more. Be sure to save your favorite properties you want to tour, then, sign up to be notified as soon as new matching properties become available.
Are you ready to sell your home today in the North Texas area? Before you put the for sale sign in the yard, find out what your home is really worth by using our free home valuation. It is simple, quick, and confidential. Answer a few questions about your home and we will provide you with a market summary with a suggested listing price for your home. Knowing the true value of your home is the first step to getting it sold.
North Texas Housing Stats
The median sale price for single-family homes in the North Texas area at the end of June 2022 was $400,000, this is up 18.2% from one year ago.
There were 11,753 homes sold during the month of June, this is a drop of 10.4% from the number of homes sold during the previous June.
There was a year-to-year drop in sales activity in the North Texas area, at the end of June 2022 there were just 10,803 pending listings, this is a year-to-year drop of 13.5%.
There were 19,155 new listings to hit the market in North Texas, this is a year-to-year increase in new listing activity of 21.8%.
Homes were on the market in North Texas for an average of 20 days during the month of June, there is approximately two months of housing inventory available to buyers, and sellers are getting 102.2% of the original list price at closing.