05/31/2026
May 2026 Activity for “North Texas Real Estate Information System”
May 31 2026
Last 7 days across all Residential listings NTREIS “MLS”
New Listings 6,490
Back on Market 831
Price Decrease 7,640
Price Increase 522
Active KO 61
Active Option 1,745
Active Contingent 573
Pending 4,125
Closed 4,366
Coming Soon 368
May Activity NTREIS
All Active listings 48,356
Coming Soon 700
Pending 10,743
Closed 10,144
Inventory is 4.6 months across the board in North Texas, Some areas longs and some shorter.
These numbers are for May, Statistically one of the busiest months of the year. I did not see the amount of activity that I was expecting.
Calculating an agent on each side of the transaction Only 20,288 agents had a closing in the last 30 days in North Texas Real Estate Information System. NTREIS shows a little over 51,000 agent subscribers. Not the transaction traffic we were in hope of.
There are agents that produce more than one closing a month so the number of agents that did not close a transaction are more than what the math shows of 30,712 agents did not close a transaction in May.
Looking at the data, in my opinion, two things are going to happen this year.
1) Not every listing is going to sell prepare your sellers accordingly.
2) To push your listing to the closed column you will need to be aggressively priced to sell.
With 1,150 more price reductions than new listings in the last 7 days and 831 contracts that fell apart (back on market) and those listings going back to Active status, the buyers are in control for the most part. I do hear about multiple offers but not very often.
My thoughts, when you put together your market analysis look back 90 days of closings in your sample area and calculate the price reductions and the seller paid contributions (do not forget those numbers) and calculate the reduction curve. If properties are selling for 1-2% less than original list along with an average of seller paid contributions than you might want to take the current value and subtract that amount from your current market study.
Example:
CMA shows a current listing price should be:
$700,000.00 the reduction over the last 90 days is 3.5% than subtract 1.17% (Average over the 90 days of activity). Now the market study shows a list price of $691,810.
Then subtract average Seller paid contributions for the last 90 days of sales, lets say $7,500.00 and prepare your seller for a gross of 684,420.00
What your seller can expect at closing. Do not forget to subtract closing costs of escrow fees, Title policy, HOA fees, taxes, etc. of 2.5-3% so at 2.5% the gross would come to an estimate of 674,514.00 some transactions will be different, but this formula will get you in the ballpark.
Do not forget to calculate compensation for your broker and if the seller is going to contribute to the buyer’s broker compensation. Compensations are all negotiable and never fixed.
This article is my own opinion of how our market in North Texas is behaving based on the numbers, not averages.
Have a great day in Real Estate,
Charles Nuber
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