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Boutique brokerages are prominently featured on this month’s ranking of the 10 most expensive new listings in the Lone Star State.
May’s 1.8% monthly gain follows a 6.3% drop in April, the National Association of REALTORS® said.
The pace of home-price appreciation slowed to its most modest pace since 2023, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index.
The median-sales price for an existing home rose 1.3% year over year to $422,800.
Buyers were willing to pay $1,597 more for a home with an olive-green kitchen, and navy-blue bedrooms boosted a home’s value by $1,815.
Homebuilder sentiment recently reached its third-lowest level since 2012.
The Mortgage Bankers Association said the post-Memorial Day increase came despite economic uncertainty and largely static interest rates.
T3 Sixty said the difference between real estate agents who subscribe to MLSs but are not Realtors and Realtor-subscribers hit 25%, the highest on record.
In addition to a low crime rates and low traffic fatality rates, the Dallas-area suburb offers good options for childhood education, with over 55% of local schools having at least a seven out of 10 ranking.
The Northeast and Midwest remained strong, while Florida, which saw a major runup in prices in recent years, continued to cool.
The top four most expensive homes listed in Texas last month are located in the Dallas-Fort Worth Metroplex.
The 6.3% month-over-month decline was the steepest the U.S. market has seen since September 2022.
In Dallas, home prices inched up 0.19% year over year and 0.52% month over month in March.
New data released by CoreLogic/Cotality, and examined by noted industry researcher Mike DelPrete, contradicts this commonly held notion, however, and shows that the ratio is actually closer to 65/20.
The median-sales price was $440,000, up 2.3% year over year and 1.2% month over month.
The association noted, however, that 90% of the responses to its survey tracking homebuilder sentiment were received before the announcement of a 90-day reprieve in U.S.-China tariffs.