The metro will add 28,958 units by the end of the year. The only city adding more units is New York.

The upside surprise came despite monthly and yearly declines in the pace of sales. 

The typical $1,500 apartment in Garland is about 921 square feet — over 200 square feet bigger than the national average, according to RentCafe.

The association said the housing market is making a definitive swing back in the direction of the buyer thanks to wage growth, slowing home-price gains and rising inventory. 

Several other Dallas-area cities ranked high on WalletHub’s list, including Richardson, Frisco, Denton, Allen and Fort Worth.

International transactions increased 9% year over year, with 7,500 purchases made by foreign homebuyers.

The single-family sector managed to eke out a slight monthly gain, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

The NAHB/Wells Fargo Housing Market Index slid a point to 32, reflecting ongoing negative sentiment in the homebuilding industry. 

All properties were sold in Fort Worth last month. Note that listing prices may differ from actual sales prices.

Inventory continued to balance around greater Fort Worth, with 4.1 months of inventory, up from 3.6 months in July 2024; meanwhile, Parker County hit 6.3 months.

NAR’s report — which surveyed nearly 5,000 Realtor members — also found that the typical agent took on 10 transactions in 2024, the same as a year prior.

As the spring homebuying season ended, U.S. home price growth softened significantly, opening the door to improved affordability.

Home-purchase activity remained elevated from 2024, but a cloudy economic outlook has deterred some would-be homebuyers. 

Three of the most expensive new listings in Texas are located on the same street — West Friar Tuck Lane — in Houston.

After years of fast-paced home sales, tight inventory and relentless price growth, the U.S. housing market may finally be entering a new chapter.

Geographically, the only region to post a monthly increase in pending sales was the Northeast, where they rose 2.1%, according to NAR’s Pending Home Sales Index.