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

The Metroplex also ranked No. 3 in the U.S. for new listings, according to the latest RE/MAX National Housing Report.    

Specifically, prices rose 4.3% annually after growing by 4.7% in June. 

The priciest new listing in the Lone Star State is a $27.5 million estate in Southlake, listed by Michael Hershenberg of Real.

July’s seasonally adjusted annual rate of 739,000 represented a 10.6% jump from June’s upwardly revised rate of 668,000. 

The Metroplex also ranked third for housing inventory, according to the most recent RE/MAX National Housing Report.   

The pace of home sales increased 1.3% from June after months of decreases, the National Association of REALTORS® said.      

Meanwhile, the median price of a home in the Dallas-Fort Worth area slid 1.7% year over year. 

In Dallas-Fort Worth, five of these properties have traded hands this year, compared to three last year.

The combination of rising inventory and price reductions in Dallas and nationwide is creating a more buyer-friendly market.

The National Association of REALTORS® said its Pending Home Sales Index rose 4.8% month over month. 

The priciest new listing in the Lone Star State is a $15.95 million estate in University Park, listed by Allie Beth Allman of Allie Beth Allman & Associates.

Renovating a fixer-upper is one way to add significant value to a residential property — but just how much value can homeowners add in the Lone Star State?

Texas ranks as one of the U.S. states with the lowest overall energy costs, meaning major savings for Texans.

All properties were listed during the month of June.

The record-breaking sales price comes as the pace of transactions slid from April, the National Association of REALTORS® said.