DFW Market Update: More Choices and Shifting Prices for September 2025

The Dallas-Fort Worth (DFW) real estate market in September 2025 continues a trend of rebalancing, with year-over-year inventory growth across all sectors providing more options for prospective buyers and renters. While closed sales have generally cooled compared to the previous month, the increased housing supply and shifts in pricing signal a market that is becoming more favorable for buyers.

New Construction Market: Inventory Grows, Prices Moderate

The new construction sector in DFW saw a slight increase in active listings from the previous month and a significant jump compared to last year. There are now 9,334 active new construction listings. This represents a 0.9% increase from July 2025 and a 10.6% increase from August 2024. While the average list price has risen from last month, the average sales price has declined, indicating that sellers are adjusting to meet the market.

Key New Construction Market Trends:

• Active Listings: 9,291 active listings, a decrease of 2.0% from August 2025 but an increase of 10.8% from last year.

• Average List Price: The average list price is $545K, up 2.3% from last month and 1.7% from last year.

• Closed Sales: There were 1,971 closed sales, a decrease of 1.3% from last month and 1.8% from last year.

• Average Price: The average price for closed sales is $463.80K, up 2.5% from August and 1.4% from September 2024.

• Months Supply: The market has a 4.80-month supply of new homes.

• Percent of Original Price: New homes are selling for approximately 93.0% of the original list price. This is down 0.8% from August and down 2.0% from last year.

• Days on Market: Properties are staying on the market for an average of 89 days.

  
  

Resale Market: Inventory Swells, Shifting to a Buyer's Market

The DFW resale market is experiencing a significant 13.2% year-over-year increase in inventory, giving buyers more leverage. Active listings stand at 27,449, a slight decrease of 2.3% from the previous month. With the months' supply now at 6.06 months, the resale sector has moved firmly into buyer's market territory.

Key Resale Market Trends:

• Active Listings: 27,449 active listings, down 2.3% from August 2025 but up 13.2% from last year.

• Average List Price: The average list price is $561.88K, which is up 11.6% from last month and up 8.0% from last year.

• Closed Sales: There were 5,384 closed sales, down 12.0% from August but up 1.4% from last year.

• Average Price: The average price for closed sales is $456.10K, down 0.2% from last month but up 2.2% from September 2024.

• Months Supply: The market has a 6.06-month supply.

• Days on Market: Resale homes are taking an average of 68 days to sell.

• Percent of Original Price: Sellers are receiving 93.3% of the original list price. This is down 0.6% from August and down 1.1% from last year.

  
  

Rental Market: More Options for Renters

The DFW residential lease market continues to expand, providing more choices for tenants. Active rental listings are at 12,040, an 8.0% increase from last year, though this is a slight 1.2% decrease from August. The average lease price has remained steady from the prior month.

Key Rental Market Trends:

• Active Listings: 12,040 active listings, a decrease of 1.2% from August 2025 but an 8.0% increase from last year.

• Average List Price: The average list price for a rental is $2.42K, a decrease of 4.5% from last month.

• Closed Leases: Closed leases totaled 3,822, which is a 16.0% decrease from August but a 3.3% increase from last year.

• Average Price: The average price for closed leases is $2.30K, showing no change from last month but a 2.5% increase from last year.

• Months Supply: There is a 3.00-month supply of rental properties.

• Days on Market: Rental properties are taking an average of 46 days to lease.

• Percent of Original Price: Properties are being leased at 96.3% of their original listed price. This is down 0.7% from August and down 0.5% from last year.

Overall Market Outlook

The Dallas-Fort Worth real estate market is adjusting to conditions defined by higher inventory and moderated activity. The average mortgage rate is 6.79%, which is up 0.28% from last year, impacting buyer affordability. The significant growth in year-over-year inventory across both new and resale homes provides buyers with more choices and negotiating power than they have had in recent years. The rental market also reflects this trend, with more available properties for prospective tenants.

Important Note:

This analysis is based on data from NTREIS (North Texas Real Estate Information Systems) as of September 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.