Trends
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The association said the housing market is making a definitive swing back in the direction of the buyer thanks to wage growth, slowing home-price gains and rising inventory.
Several other Dallas-area cities ranked high on WalletHub’s list, including Richardson, Frisco, Denton, Allen and Fort Worth.
International transactions increased 9% year over year, with 7,500 purchases made by foreign homebuyers.
The single-family sector managed to eke out a slight monthly gain, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
The NAHB/Wells Fargo Housing Market Index slid a point to 32, reflecting ongoing negative sentiment in the homebuilding industry.
All properties were sold in Fort Worth last month. Note that listing prices may differ from actual sales prices.
NAR’s report — which surveyed nearly 5,000 Realtor members — also found that the typical agent took on 10 transactions in 2024, the same as a year prior.
Home-purchase activity remained elevated from 2024, but a cloudy economic outlook has deterred some would-be homebuyers.
Three of the most expensive new listings in Texas are located on the same street — West Friar Tuck Lane — in Houston.
Geographically, the only region to post a monthly increase in pending sales was the Northeast, where they rose 2.1%, according to NAR’s Pending Home Sales Index.
Nationally, the pace of home-price appreciation declined to its slowest pace in almost two years, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index.
A new report from U-Haul identified the most common states of origin for do-it-yourself movers who relocated to Dallas-Fort Worth.
Painted Tree, a McKinney master-planned community from Oxland Group, was the top-selling MPC in the Metroplex and the No. 17 MPC in the country, with 330 new-home sales from January through June.
Statewide, the median home price decreased 1.4% year over year to $340,000. Amid that increased affordability, closed home sales also increased 1.4% year over year with 95,264 closings.
The inventory of new homes for sale surged year over year, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
At the same time, the pace of existing-home sales declined from May’s level.