The median price there was $360,000, up 6%. In the Fort Worth-Arlington area, 2,192 homes sold, a decline of 31%. The median sale price there was $408,000, up 5%. Within the Dallas-Plano-Irving metro division, 4,054 homes sold, a year-over-year decline of 28%. Single-family home renting is up 22% with 2,258 leases through real estate agents in December. The median price of a condo is up 9% to $240,000 while townhome prices are up 6% to a median of about $392,000. With the lower demand for homes, the number of active listings was up 160% in December from a year before with 16,607 homes on the market.ĭallas-Fort Worth has 2.2 months of available home inventory, which is still far off from the roughly six months of supply that’s considered a balanced market between buyers and sellers.ĭ-FW condo sales fell 48% from a year before with 215 transactions, according to the Texas A&M report. December’s decline in sales is just shy of November’s, which was the sharpest since immediately after the Great Recession.įor all of 2022, existing home sales were down 12% with more than 89,000 transactions and the median sale price was up 16% to $407,000. Real estate agents sold 6,246 single-family homes in the metro area last month, a year-over-year decline of 29%. “There’s a lot of feeling of uncertainty,” he said. Still, many potential buyers are hesitant because they are unsure of where prices could be going, said Lee Harbaugh, a real estate agent with Davey Goosmann Realty in Mansfield.
The median price of a single-family home in the metro area was $390,000, still up 6% from the previous December, according to the latest report from the Texas Real Estate Research Center and North Texas Real Estate Information Systems.Įconomists are not expecting a major decline in home prices in 2023. The median price of a single-family home in the region was $390,000 in December.ĭallas-Fort Worth home prices were down 10% in December from June’s peak as affordability challenges kept selling activity slow.
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