![]() ![]() You can also see how that trend reversed around the start of 2023, with supply levels dropping again. ![]() For one thing, you can see how supply levels within the Dallas-Fort Worth real estate market began to increase sharply in 2022. There are two important trends to notice in this chart, both occurring on the right side. It’s based on data provided by the national real estate brokerage Redfin. You can see this more recent trend in the chart shown below. Since the start of 2023, supply levels within the Dallas-area housing market have actually declined. But when we look at supply conditions over the past few months, a different picture emerges. When measured over the past year, inventory levels have increased. But in Recent Months, Inventory Has Declined ![]() In other words, the number of homes on the market more than doubled during the past year or so. Among other things, it showed that the Dallas-Fort Worth-Arlington metro had the sixth-highest level of inventory growth from April 2022 to April 2023.ĭuring that 12-month timeframe, the total number of active property listings within the DFW area increased by 131%. In May 2024, published its latest housing market update with data for the nation’s 50 largest metro areas. This report comes from the researchers at. And inventory growth has a lot to do with this ongoing shift.Īctive real estate listings within the DFW metro area have more than doubled over the past year, according to one recent report. The Dallas-Fort Worth real estate market is currently transitioning from a strong seller’s market toward more “neutral” territory. Inventory Rose Substantially Over the past Year They also report that the Dallas real estate market offers more affordable homes and more options for buyers, when compared to many other U.S. The Dallas-Fort Worth-Arlington metropolitan area was ranked #3 in this particular report.Īccording to the authors, DFW has experienced a “growing influx of tech workers” with many new startups moving into the area. The NAR report, entitled “On The Horizon: Markets to Watch in 2023 and Beyond,” offered a top-10 list of housing markets that are expected to “outperform” over the coming months. This forecast was issued in May of 2023, via the company’s website.Īt the end of last year, the National Association of Realtors offered a strong forecast for the Dallas-area real estate market through 2023 and into 2024. Zillow predicts that home values in the Dallas-Fort Worth area will increase by 3.6% during the 12-month period ending in April 2024. Here are some additional forecasts, projections and predictions for the Dallas-area real estate market, provided by other sources: The DFW Metro area was one of the fastest-growing metros in the country during 2022.ĭallas Housing Market Forecast Extending Into 2024 Steady population growth will continue to bolster the market by increasing buyer demand. ![]() Demand for housing in the Dallas-Fort Worth area will likely remain high, due to the area’s strong economy and relatively low cost of living.Overall, the number of properties for sale in the DFW area is expected to remain low, which will continue to drive up prices.Home prices will likely continue to rise through this year and into next, but at a slower pace than in recent years.The Dallas metro area real estate market has slowed down over the past year or so, marked by an increase in the median number of “days on market.” Inventory levels have risen as well, giving home buyers more options to choose from and greater negotiating leverage.īased on these and other recent trends, we offer the following predictions for the Dallas-Fort Worth housing market extending into 2024: ![]()
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