The North Texas Real Estate Information Systems (NTREIS) is the MLS system for the 57 county area of North Texas.  The counties included in this search encompass all of the area known as the D/FW Metroplex, along with many adjacent counties that make up the North Texas area.

All the data in these charts is powered by 10K Research and is considered reliable but not 100% accurate.

Click here to see a coverage map of NTREIS counties in North Texas

Median Sales Price Chart for Homes in North Texas

The North Texas real estate market went through some tough years during the Great Recession but never had the severe price decreases that many coastal cities and states had.  Home values have risen steadily for the last several years and have only recently begun to level off. This data is not seasonally adjusted, so the seasonal change in median prices is clearly reflected in the data showing higher prices in the busy selling season of spring and summer, and lower median prices in the late fall and winter months.  Generally the busiest months of the year for home transactions are March through July and the slowest months are November through January.  This doesn’t necessarily mean a particular home might sell for less in the winter versus the spring, it’s more a reflection of the quality and level of home inventory available on the market at any given time.

Median Sales Price Per Square Foot Chart for Homes in North Texas

The median price per square foot has also moved in correlation with the median sales price.

Median List Price Chart for Homes in North Texas

Average Days on Market Chart for Homes in North Texas

After the economy picked back up, the average marketing time for homes dropped significantly and has only recently begun to show signs of increasing.

Average Days on Market Chart by Price Range for Homes in North Texas

As prices have increased over the years, the supply of homes under $250K has decreased substantially. This has resulted in marketing times for this spectrum of homes to decrease over time.  Lower priced homes, on average, sell much quicker than higher priced homes due to higher demand and lower supply.

Months Supply of Home Inventory Chart for Homes in North Texas

The monthly supply of home inventory is a great metric to evaluate whether a market favors buyers or sellers.  Generally any market with less than a four month supply is considered a seller’s market.  Any market with more than a six month supply is generally considered a buyer’s market.  After the spike in inventory along with the decrease in demand several years ago, the D/FW market quickly turned to a buyer’s market for several years.  However, it’s worth examining each price point for a clearer picture of inventory at different levels.

Months Supply of Home Inventory by Price Range in North Texas

The spike in home inventory many years ago was apparent at all price points but especially striking for homes listed for $1 million+.  As the economy improved and home prices rose, the supply of homes in the lower price points, particularly sub-$250K, crept much lower.

Active Listings For Sale in North Texas

Overall the main driver of prices, other than the improving economy, has been lack of supply of available listings.  This led to many tight markets in D/FW and many buyers found themselves in bidding wars, especially in the peak years of 2016-2018.  Inventory has crept up somewhat in recent years which has restored some level of balance to the real estate market in some areas of D/FW.

Active Listings For Sale by Price Point in North Texas

The supply of listings at various price points shows that the inventory of homes priced under $250K has decreased by a factor of over three since the end of the Great Recession.  Many of those homes have moved into the $250-$500K bracket which shows an inversely-correlated increase.  The supply of homes over $750K and $1 million have also increased but these still make up a minority of the inventory available in most of D/FW.

Average Percentage of List Price Received for Homes in North Texas

The peak years of the market saw averages top 98% which indicates a very strong seller’s market.  The average has since decreased slightly but is nowhere near the near 90% levels seen during the Great Recession.

New Listings of Homes in North Texas

New listing activity is also quite seasonal in D/FW with as much as twice the volume of new listings in peak months versus winter months.  The marked decrease in new listings in the early months of 2020 show the effects of the Covid-19 lockdown on the market inventory.

New Listings of Homes by Price Point in North Texas

New listing activity across price points is also greatly correlated with the seasons.

Pending Sales of Homes in North Texas

Pending sales are entered once a home is under contract and past the option period.

Closed Sales of Homes in North Texas

Closed sales tend to lag behind pending sales by about a month due to the average 3-4 week process to close on a transaction.

All data is provided by NTREIS and deemed reliable but not 100% accurate.  Charts are powered by 10K Research.

Newest Real Estate For Sale in North Texas

Looking for a Real Estate Agent in North Texas?

Are you thinking about buying or selling a home and need a great real estate agent in Arlington?  Why not work with the BullardJones Group and get three highly-experienced agents for the price of one!  All of our agents have experience listing and selling homes in Arlington so we’d love an opportunity to work with you.

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