Downsizing from a four-bedroom home to a two-bedroom home in the Dallas area would save the typical homeowner nearly $246,000.

The 44th edition of the in-depth forecast report examined 80 cities to determine trends in the real estate industry for 2023.

In Dallas, home prices posted a 20.2% year-over-year gain in August, compared to a 24.7% gain in July. Month over month, prices fell 1.9%.

Three of the most expensive homes listed in the past 30 days were listed by Compass RE Texas, LLC agent Jonathan Rosen, the priciest of these being a 10,577-square-foot home in Dallas listed for nearly $16,000,000.

Norada noted Dallas’ strong economy and renters market.

Homebuyers nationwide had more time to make decisions in August with the first year-over-year increase in median days on the market since June 2020.

North Richland Hills has been named one of the 15 most family-friendly cities in the nation, according to iBuyer platform Opendoor.

The share of homes listed for more than 30 days has increased 42.9% in Dallas and 43.4% in Fort Worth in the last year, according to Redfin.

Off-market real estate app DropOffer is moving into six new markets, including Dallas, Atlanta, Phoenix, Houston, Charlotte and Tampa.

Nationwide, sales hit their highest level of the year, rising 4.7% from June but falling 17.6% on a year-over-year basis, RE/MAX said. 

The tool takes the guesswork out of the home-shopping process by highlighting condos eligible for Veterans Affairs (VA) financing.

Steeper mortgage rates and priced-out buyers paved the way to a slightly cooler housing market in Dallas and other major cities this spring, hinting that the booming post-pandemic seller’s market may have an expiration date. 

Dallas-Fort Worth was third on the list with 1,116 iBuyer home sales in the first quarter, accounting for 5.1% of home sales in the market.

It is a fun reminder that location is everything, and every state has amazing ultra-luxury properties for the right price.

Nationally, the index posted its highest annual increase ever.

Most of the single-family homes are in Texas, Georgia, Alabama and Oklahoma.