The Dallas-Fort Worth Real Estate Market: An April 2025 Update

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.

New Construction Market: Inventory Up, Prices Adjusting

If you're in the market for a brand-new home in DFW, there's definitely some interesting news! The number of active listings for new construction has increased significantly. Specifically, active listings are up by a solid 19.7% compared to last year, and 10.9% compared to last month. This means buyers have more choices and potentially more room to negotiate – always a plus!  

However, here's where it gets interesting. While inventory is up, we're seeing some shifts in pricing. The average price of a newly built home is around $515,660.

Key New Construction Market Trends:

• Increased Inventory: More new homes are available (active listings up 19.7% year-over-year and 10.9% month-over-month).  

• Price Softening: Average prices are around $515,660, and are down 6.2% from last month and 4.5% from last year.  

• Decreasing Sales: Closed sales have declined by 14.5% from last month and 9.1% from last year.  

• Balanced Market: The market is relatively balanced, with about 4.63 months' worth of supply.  

• Sellers Negotiating: Sellers are still getting close to their asking price, with new homes selling for about 94.6% of the original list price.  

• Increased Time on Market: Properties are staying on the market longer, with a 12.2% year-over-year increase to 99 days.

  
  

Resale Market: Inventory Surge and Price Trends

The DFW 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 47.2% compared to last year and 16.0% compared to last month! If you're a buyer, this means a lot more options to choose from.  

Average prices are showing slight increases. The average list price is $561,900, and the average sold price is $469,200.

Key Resale Market Trends:

• Inventory Explosion: Available homes have increased significantly (up 47.2% year-over-year and 16.0% month-over-month).  

• Rising Prices: Average list price is $561.90K (+0.9% monthly, +0.6% yearly), and average sale price is $469.2K (+2.8% monthly, +2.4% yearly).  

• Monthly Sales Increase, Annual Dip: Closed sales rose to 5,898 (+4.4% monthly) but are still down 10.0% from last April.  

• Balanced Market with Shifting Dynamics: The market is leaning towards balanced, with 5.91 months' worth of supply.  

• Increased Days on Market: Homes are taking longer to sell, with an average of 57 days on market, increased significantly year-over-year (+18.2%).  

• Sellers Holding Firm: Sellers are generally receiving close to their asking price, with homes selling for 95.3% of the original list price.

Rental Market: More Options for Renters

The DFW residential lease market is also showing some interesting developments.

Renters, there are still plenty of options! Active listings are up 9.0% compared to last year, but decreased slightly by 2.8% from last month.  

The average lease price is around $2,480.

Key Rental Market Trends:

• High but Slightly Decreasing Inventory: Active listings are at 8,683 (-2.8% monthly, +9.0% yearly), and new listings are 5,867 (+5.4% monthly, +12.3% yearly).  

• Decreased Leasing Activity: Closed leases totaled 4,064 (-11.7% monthly, -1.6% yearly).  

• Stable Average Lease Prices: The average listed rent is $2.48K, and the average closed lease rent is $2.4K.  

• Tight Supply: A 2.38 months' supply (-0.1 month monthly, +0.1 year yearly).  

• Slightly Longer Leasing Time: Properties are taking an average of 48 days to lease (+2.5% monthly, +21.9% yearly).  

• Leasing Close to Asking Price: Properties are being leased at 97.6% of their original listed price (+0.2% monthly, 0.0% yearly).

  
  

Overall Market Outlook

The DFW real estate market in April 2025 presents a mixed bag. 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 price adjustments in the new construction sector and fluctuations in sales activity. The rental market remains fairly stable with ample listings and steady pricing. It's definitely a market where staying informed and being strategic is key!

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.