03/12/2026
Recent housing data from Dallas indicates a continued shift in market conditions as inventory rises and the pace of home sales slows.
Over the past 30 days, homes in Dallas sold for a median price of $444,653, representing a 1.4% decline compared to the same period last year. The median price per square foot reached $240.81, down 4.4% year-over-year, suggesting modest softening in price growth across the market.
While prices have remained relatively stable overall, the number of completed home sales has fallen significantly. A total of 371 homes sold in the past 30 days, compared to 870 homes during the same period last year, representing a 57.4% decrease in transaction activity.
At the same time, housing supply is expanding. Dallas currently has 4,939 homes listed for sale, a 3% increase from last year. In the last month alone, 1,392 new listings entered the market, though that figure is 19.8% lower than the number of new listings recorded a year ago.
As inventory levels rise, properties are also taking longer to sell. The median days on market has increased to 44.27 days, up from 30.41 days last year, reflecting a slower absorption rate.
Supply conditions have shifted even more noticeably when measured through months of inventory. The Dallas market currently holds 11.28 months of housing supply, a significant increase from 4.45 months during the same period last year. Higher months of supply typically indicates a market with more available options for buyers and increased competition among sellers.
Demand indicators show similar changes in buyer behavior. The median sale-to-list price ratio stands at 95.56%, meaning homes are generally selling below their asking price. Meanwhile, 10.78% of homes sold above list price, a decrease of 4.8 percentage points compared to last year.
Price adjustments are also becoming more common. 42.86% of homes currently listed have experienced price reductions, an increase of 8.3 percentage points year-over-year, suggesting sellers are responding to changing market conditions.
Taken together, these indicators suggest that the Dallas housing market is moving toward a more balanced environment. While home prices have not experienced sharp declines, the increase in available inventory and the slowdown in transaction activity indicate that buyers are gaining more negotiating power and sellers are adjusting pricing strategies accordingly.
As inventory levels, pricing behavior, and transaction volume continue to evolve, these metrics will remain key signals for understanding how the Dallas housing market develops in the months ahead.
stonearx.com