The median existing-home price was also on the upswing last month, providing homeowners a bit of refuge as the stock market undergoes a correction, Chief Economist Lawrence Yun said in the monthly report. 

The pace of new-home construction was higher than economists expected, even as homebuilders expressed concern about the impact of tariffs and supply-side challenges. 

While Texas home sales remained steady year over year, buyers enjoyed more options in 2024, according to the Texas Real Estate Year in Review report from Texas REALTORS®.

Falling consumer sentiment suggests potential homebuyers are wary of the short-term economic outlook and future inflation, CoreLogic Chief Economist Selma Hepp said. 

Please note the tie for the sixth-most expensive listings.

At the same time, the median sales price for a new home hit its highest level since 2022, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.   

In Dallas, home prices posted a 1.61% year-over-year gain in December, while they slid 0.01% month over month. 

At the same time, builder sales expectations for the next six months posted their second-largest drop since the sentiment index started in 1985. 

A majority of the most expensive new listings in Texas are located in the Dallas area, although the priciest new listing is located in Manor, an Austin suburb.

On a city basis, Chicago posted the highest annual increase among the country’s 20 largest metros, followed by Miami, Las Vegas and Washington, D.C. 

The median existing-home price for all housing types in December rose 6% from its year-ago level.    

Frisco and McKinney are the U.S. cities that have added the most housing inventory since 2005, according to a report from StorageCafe.

Nationally, home sales were up 13.3% year over year and 4.4% month over month, RE/MAX said. 

These were the 10 most expensive sales in the Dallas-Fort Worth area in December. Note that listing prices may differ from actual sales prices.

Thirty-five percent of all master-planned community sales last year were in Texas, according to RCLCO Real Estate Consulting.

Compass agents listed four of the 10 most expensive listings in Texas this past month, with properties in Dallas, Highland Park, Fort Worth and Houston.