Is now the right time to buy or sell a home in Dallas?
As your local Dallas real estate expert, Reading Overstreet keeps his finger on the pulse. Here’s the latest snapshot (July 2025):
- Median sales price (city proper): ~$469,250 — down 6.0% year-over-year in May
- Median listing price: ~$550,000 — up from ~$493,000 a year ago
- Median days on market: ~38 days (up from ~30 last May)
- City home days-to-pending: ~27 days as of June 30
- Months of inventory: ~4.8 months — up from ~3.9 a year ago
- Sale-to-list ratio: ~97.5% — indicating homes sell just under asking price
What does this mean for buyers?
Inventory is rising, and home prices are softening—better deals are emerging. With the average property taking more time to sell, you’re unlikely to feel rushed and may have room to negotiate.
What about sellers?
Well-prepped, correctly priced homes are still moving—and selling at ~96–97% of list value. But homes that drag on the market often lose momentum (37–38 days is already up from 19–24 days last year) . Strategy, staging, and timing are everything.
Interest rate environment:
Texas mortgage rates hovered around 6–7% in Q1 2025. Buyers now have a bit more breathing room with stable rates and increasing inventory.
Expert insight:
DFW remains one of the strongest real estate markets in the nation—ranked among the top for investment—backed by robust economic growth and job gains. However, the market is shifting from a seller’s market earlier in 2024 to a more balanced landscape as 2025 progresses.
Key Takeaways
- Buyers: More choices and negotiation leverage than a year ago. It’s an ideal moment to identify your must-haves and act confidently.
- Sellers: Homes priced right and professionally marketed still attract buyers—but missteps can cost you in time and price.
Both: Connect with me, Reading Overstreet—I’ll provide the tailored insights and strategy that make a difference in this shifting market.