, but others are seeing greater year-over-year increases. Gaines said Dallas-Fort Worth’s population growth and high employment are keeping prices afloat.The July report found 7,632 single-family home transactions in D-FW, down 6% from a year ago. On average, homes sold after 39 days on the market and at 97.3% of the list price.“Statistically, we’re showing a little bit down in the volume of sales, but it’s not the bottom falling out,” Gaines said. “I mean, it’s not a 20%, 30% decline.
Dallas-Fort Worth had just 2.6 months of available inventory in July, far behind the roughly six months of supply economists would call balanced between buyers and sellers. “It’s still an incredibly tight market,” Gaines said.Of the four major North Texas counties, Collin County homes were the most expensive with a median price of $530,000. Ellis, Kaufman and Tarrant had year-over-year percentage sales declines in the double digits.
Ekholm said she just listed a home in The Colony for $700,000 this week that already has multiple offers. Another listing of hers in Denton took 45 days to sell but it was around $450,000, a price range where buyers may be more sensitive to mortgage rates, she said. “A lot of buyers have pulled out, so it gives [other buyers] an opportunity,” she said. “I think it’s a matter of setting expectations.”