Dallas County Real Estate Pulse (April 2025): Sales Prices Climb, Rents Cool as Inventory Swells

The Dallas-Fort Worth real estate market is always a dynamic place, and April 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 has increased. Specifically, active listings are up by 21.6% compared to last year, though they saw a slight decrease of 1.1% compared to last month. 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 $803.52K.

Key New Construction Market Trends:

• Inventory Up YoY: Active listings rose 21.6% from last year (down 1.1% last month).

  
  

• Price Adjustments: Average list prices are $803.52K (-16.4% YoY, -10.5% MoM). However, average sold prices hit $663.2K (+2.8% YoY, +6.3% MoM).

  
  

• Sales Down: Closed sales fell 25.9% year-over-year and 16.3% month-over-month.

  
  

• Supply Growing: Months of supply increased to 5.2 months (+0.5 months YoY).

• Sellers Near Asking: Homes sold for 96.2% of the original list price (+0.4% YoY).

• Longer Market Time: Days on market increased to 75 (+11.9% YoY).
  

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 46.6% compared to last year and 12.3% compared to last month! 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 $661.90K, and the average sold price is $576.5K.

Key Resale Market Trends:

• Inventory Explosion: Available homes have increased significantly (up 46.6% year-over-year and 12.3% month-over-month).

• Price Dynamics: Average list price is $661.90K (-3.4% yearly, +1.2% monthly), and average sale price is $576.5K (+4.2% yearly, +4.2% monthly).

• Sales Activity: Closed sales rose 5.3% monthly but are down 11.0% from last April.

• Shifting Market Dynamics: The market is leaning towards buyers, with 4.6 months' worth of supply, a 53.3% jump from last year.

• Increased Days on Market: Homes are taking longer to sell, with an average of 43 days on market, increased significantly year-over-year (+22.9%).

• Buyer Negotiating Power: Sellers are generally receiving 95.8% of their original list price, down 1.2% from last year.

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 up 14.6% compared to last year, but decreased slightly by 3.3% from last month. New listings also rose by 19.1% year-over-year.

The average lease price has seen a significant drop. The average closed lease price fell 17.4% year-over-year to $2.8K.

Key Rental Market Trends:

• Increased Inventory: Active listings are at 2,708 (-3.3% monthly, +14.6% yearly), and new listings are 1,532 (-1.0% monthly, +19.1% yearly).

• Decreased Leasing Activity: Closed leases totaled 1,043 (-12.7% monthly, -4.0% yearly).

• Lower Average Lease Prices: The average listed rent is $3.14K (+0.5% monthly, -7.7% yearly), and the average closed lease rent is $2.8K (-4.0% monthly, -17.4% yearly).

• Tightening Supply: A 3.0 months' supply (-0.3 months monthly, -0.4 months yearly).

• Longer Leasing Time: Properties are taking an average of 65 days to lease (+31.3% monthly, +31.3% yearly).

• Leasing Close to Asking Price: Properties are being leased at 96.8% of their original listed price (+0.8% monthly, unchanged yearly).
  

Overall Market Outlook

The Dallas County real estate market in April 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 April 30, 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.