Opportunity Knocks? Dallas County Real Estate Trends for May 2025

The Dallas-Fort Worth real estate market is always a dynamic place, and May 2025 is proving to be no exception! Let's dive into the key trends across new construction, resale, and rental sectors to get a clear picture of what's happening in Dallas County.

New Construction Market: Inventory Up, Prices Adjusting

If you're in the market for a brand-new home in Dallas County, there's definitely some interesting news! The number of active listings for new construction is 1,137. This is a 3.4% decrease compared to April 2025 , but a 9.1% increase compared to May 2024. This means buyers have more choices – always a plus!

However, here's where it gets interesting. While inventory is up, we're seeing some shifts in pricing. The average list price of a newly built home is now $1.02M. This is a 21.9% increase from last month and a 3.2% increase from last year.

Key New Construction Market Trends:

• Inventory Up YoY: Active listings rose 9.1% from last year (down 3.4% last month ).

  
  

• Price Adjustments: Average list prices are $1.02M (21.9% MoM , 3.2% YoY ). However, average sold prices hit $636.10K (-8.1% MoM , -15.8% YoY ).

  
  

• Sales Activity: Closed sales increased 12.9% month-over-month but fell 4.4% year-over-year.

  
  

• Supply Growing: Months of supply increased to 5.1 months.

  
  

• Sellers Near Asking: Homes sold for 95.0% of the original list price (-1.1% MoM , -1.7% YoY ).

  
  

• Longer Market Time: Days on market increased to 64.
  

Resale Market: Inventory Surge and Price Trends

The Dallas County resale market is also experiencing some pretty dramatic shifts! One of the biggest stories is the significant increase in available homes.

Active listings have jumped by a whopping 40.4% compared to last year and 7.3% compared to last month , totaling 6,998 listings. If you're a buyer, this means a lot more options to choose from.

Average prices are showing mixed trends. The average list price is $641.92K , a 2.7% decrease from last month but a 1.1% increase from last year. The average closed sale price is $597.1K , a 13.9% increase from last month but a 0.3% decrease from last year.

Key Resale Market Trends:

• Inventory Explosion: Available homes have increased significantly (up 40.4% year-over-year and 7.3% month-over-month ).

• Price Dynamics: Average list price is $641.92K (-2.7% monthly , 1.1% yearly ), and average sale price is $597.1K (13.9% monthly , -0.3% yearly ).

• Sales Activity: Closed sales decreased 0.2% monthly and are down 15.2% from last year.

• Shifting Market Dynamics: The market is leaning towards buyers, with 4.90 months' worth of supply.

• Days on Market: Homes are taking an average of 43 days to sell.

• Buyer Negotiating Power: Sellers are generally receiving 95.6% of their original list price (-0.2% monthly , -1.0% yearly ).

Rental Market: More Options for Renters

The Dallas County residential lease market is also showing some interesting developments.

Renters, there are more options! Active listings are at 2,807 , a 0.5% decrease from last month but a 15.7% increase from last year. New listings are 1,756 , a 12.5% increase from last month and a 20.9% increase from last year.

The average lease price has seen a significant drop. The average closed lease price is $2.90K , a 10.9% increase from last month but a 12.8% decrease from last year.

Key Rental Market Trends:

• Increased Inventory: Active listings are at 2,807 (-0.5% monthly , 15.7% yearly ), and new listings are 1,756 (12.5% monthly , 20.9% yearly ).

  
  

• Leasing Activity: Closed leases totaled 1,118 (1.7% monthly , 1.9% yearly ).

  
  

• Average Lease Prices: The average listed rent is $3.03K (-3.5% monthly ), and the average closed lease rent is $2.90K (10.9% monthly , -12.8% yearly ).

  
  

• Supply: A 3.10 months' supply.

  
  

• Leasing Time: Properties are taking an average of 56 days to lease.

  
  

• Leasing Close to Asking Price: Properties are being leased at 97.8% of their original listed price (0.6% monthly , -0.1% yearly ).
  

Overall Market Outlook

The Dallas County real estate market in May 2025 presents a complex picture. We're seeing increased inventory across new construction and resale markets, which is great for buyers looking for more choices. However, there are also signs of shifting dynamics, including adjustments in list prices in the new construction sector and a decrease in closed sales across both new and resale markets. The rental market shows more options for renters and significantly lower average closed lease prices, alongside longer times to lease properties. It's definitely a market where staying informed and being strategic is key for buyers, sellers, and renters alike.

Important Note:

This analysis is based on data from NTREIS (North Texas Real Estate Information Systems) as of May 31, 2025.  Market conditions can change rapidly, and this report is intended for informational purposes only. It should not be considered a guarantee of future market performance.