The pace of Dallas home sales jumped 16.8% year over year to 7,272 in December’s RE/MAX National Housing Report. Month over month, sales were up 7%. 

Home sales in the 52 metro areas surveyed by RE/MAX rose 13.3% year over year and 4.4% month over month. 

Nationally, the median-sales price was $427,000, up 6.2% year over year but down 0.6% month over month. 

The average close-to-list-price ratio was 98%, the same as December 2023 but down from 99% in November. Miami had the lowest close-to-list-price ratio, at 93.5%, followed by New Orleans, at 96.1%, and Tampa, at 96.6%. 

The average days on market for homes sold in December was 54, up seven days from both December 2023 and November. 

The number of homes for sale in December rose 22% year over year but fell 12.4% month over month. Specifically, months’ supply of inventory rose to 3 from 2.5 in December 2023 and was flat with November. Miami had the largest supply of inventory, at 7.2 months. 

“Overall, 2024 showed some modest improvements in housing inventory,” said RE/MAX Holdings CEO Erik Carlson. “Affordability remains a challenge for many buyers, but demand persists as people continue to see the value of homeownership. Buyers should stay informed and act when the time is right for them.”