Multifamily starts, meanwhile, declined, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.    

October’s increase comes as inflation slows and mortgage rates decline. 

The Metroplex lagged only New York and Chicago, which saw 9,381 and 7,719 properties change hands, respectively.

Nationally, the housing market has dipped into neutral territory for the last three months.

The median sales price also declined, sliding 0.3% year over year, from $404,300 to $403,040, according to the university’s Monthly MSA Spotlight. 

The priciest new listing in the Dallas-Fort Worth Metroplex is an $18,995,000 home listed by Amanda Gadison of Keller Williams Dallas Midtown.

The amount a homebuyer needs to earn to afford a median priced starter home is down 0.4% from last year, marking the first annual decline since August 2020.

Realtor was the most desirable job in 49 of the 50 states, the study found.

The priciest new listing in the Lone Star State is an $18,995,000 estate in Caney, listed by Amanda Gadison of Keller Williams Dallas Midtown.

The latest reading of the National Association of REALTORS® Pending Home Sales Index shows a return to month-over-month growth after a decline in July.    

Prices were up 0.6% month over month and 2.3% year over year, according to First American Data & Analytics’ monthly Home Price Index report. 

Homebuying has just become more affordable for the first time since 2020, according to a new Redfin report.

The 716,000 per-year rate of new-home sales topped the consensus estimate of 700,000. 

In its monthly report, HomesUSA said home prices were relatively flat during the same period. 

The 2.5% decline followed a 1.3% increase in July, according to the National Association of REALTORS®. 

Closed home sales were down 4.3% year over year, according to the MetroTex Association of REALTORS®.