Only 32% of Dallas-area households could afford a median-priced home during the third quarter of the year.

Dallas inventory continued to expand last month as high mortgage rates and prices sidelined buyers.

A record number of homesellers are dropping their prices as buyers continue to feel the impact high mortgage rates are having on their wallets.

The agent with the most $1 million-plus listings was Nancy Johnson of COMPASS RE Texas, who accomplished a sales volume of over $26 million across 21 transactions.

Agents from Moreland Properties are responsible for the most expensive and second-most expensive new listings in the state of Texas.

The median price of a new home sold during the month fell to $418,800 from $433,100 in August, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported. 

Dallas still has a ways to go in recovering from the Covid-19 pandemic, according to a report from the University of Toronto.

Texas new-home sales declined in September — but according to HomesUSA CEO Ben Caballero, that’s just a product of market seasonality.

Across the Lone Star State, closings were down 9.8% year over year, while the median price dropped 1.5% to $340,000.

The median existing-home price for all housing types in September was $394,300, up 2.8% from $383,500 in September 2022.   

Active listings grew by 6.7% in the Dallas-Fort Worth metroplex in September, according to the latest Housing Report from the MetroTex Association of REALTORS®.

Specifically, single-family homes were built at a seasonally adjusted annual rate of 963,000, up 3.2% from 933,000 in August and up 8.6% from 887,000 a year earlier, according to government figures. 

Brutalist style and sensory gardens may seem at odds — but they are both hot home design trends that will rule 2024. At least, according to new predictions from Zillow.

A 15% rise in applications for adjustable-rate mortgages drove overall mortgage applications higher in the most recent weekly survey. 

New home listings are still on the rise, despite mortgage rates hitting the highest level in more than 20 years. And those high mortgage rates are pushing monthly housing payments higher than they’ve ever been.

Here are the priciest new listings for sale in The Lone Star State, all posted to the Multiple Listing Service within the past 30 days.