Inventory in Dallas County has tightened compared to last year, with 6,562 homes on the market and a 13.44% annual decline. At the same time, contract activity has cooled, as pending sales are down 19.13% year over year and new listings have fallen 20.95%, leading to about 5 months of supply and a market that still leans toward sellers.
Prices are adjusting to this mix of slower demand and lower supply, with the typical home value at $358,000, about 5.79% lower than a year ago but up 3.17% from the prior month. List prices are edging higher, with a median list price of $398,000 in February and a 2.08% month‑over‑month increase, while homes are selling for about 96.9% of list on average and only 14.27% of sales closing above asking.
Time on market has stretched, as the median days on market has climbed 73.17% year over year to 71 days and ticked up another 2.9% month over month, and about 28.68% of listings have seen a price drop. Compared with the Texas statewide typical home value of $334,000, Dallas County sits higher at $358,000, with the market gauge at 34 still signaling a seller’s market even as conditions rebalance. With home values projected to reach about $363,500 and list prices around $402,055 in March while inventory holds near 6,560, both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who understands these shifting dynamics.
