Active listings increased drastically in December, allowing months of inventory to expand, according to the latest Housing Report from the MetroTex Association of REALTORS®.

Active listings jumped 33.1% year over year, with 24,973 homes on the market in the Metroplex. Closings rose 15.2% year over year, with 7.364 homes sold. Given the pace of sales, the area had a 3.3-month housing supply, up from 2.5 months in December 2023.

The typical home spent 98 days on the market: 65 days for sale, plus 33 days to close.

Meanwhile, the median home price rose 2.6% year over year to $400,000. Approximately 27% of all homes on the market fell into the $300,000 to $399,999 range.