At a time of year when the real estate market typically experiences seasonal declines, this fall is bringing just the opposite.

While the average monthly housing payment in the U.S. fell to its lowest level since the start of the year, it isn’t improving sales, as potential buyers are holding out for lower mortgage rates.

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.      

Competition in the housing market is expected to reignite as falling mortgage rates breathe new life into buyers, according to Zillow’s latest report. 

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. 

There are plenty of ways to upgrade a home without knocking down walls or hiring a whole construction crew.

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.

Frisco is one of the most affordable cities in the country for people who work from home, according to a report from CoworkingCafe.

Despite record high prices, two factors are creating opportunities for homebuyers this summer: falling mortgage rates and rising supply.