Dallas, TX Housing Market Update

Dallas, TX Housing Market Update – MARCH 2026

Reporting Period: Feb 1–Feb 28, 2026 • Data via NTREIS

Dallas proper is a city of contrasts in almost every way — and its housing market is no exception. February's numbers tell a story of quiet softening at the top, rising inventory across the board, and a buyer pool that's gaining ground after years of being outmaneuvered. None of the shifts are dramatic, but together they paint a picture of a city gradually redistributing leverage between buyers and sellers.

PRICES
The Dallas median sale price came in at $410,000 in February — a modest 1.2% dip from a year ago. Price per square foot slipped to $233.22, down 2.9% year over year. Neither number signals a correction; they reflect a market where buyers are doing more deliberating and sellers who overpriced are adjusting. The price distribution tells an interesting story too — the $200–$299k range led active inventory at 18.9%, while the $500k–$749k band held a surprisingly robust 17.6% share of closings. That breadth suggests demand remains healthy across multiple price points, even as the median itself edges lower.

SALES ACTIVITY
With 681 closed sales in February — down 3.5% from the same month last year — transaction volume is holding reasonably well for a winter month in a city this size. Homes are taking longer to move, averaging 66 days on market (up 8 days from last February), and total time from listing to close reached 95 days. That's a full 10 days more than a year ago. The message to sellers is clear: the urgency that once compressed Dallas timelines to a matter of days is no longer the operating assumption. Buyers are deliberating, and the market is accommodating that pace.

INVENTORY
This is where the real shift is happening. Active listings in Dallas reached 3,816 in February — a 10.3% increase year over year. That's a meaningful expansion of choice for buyers navigating one of Texas's most storied urban markets. Months of inventory climbed to 4.7, pushing Dallas solidly into balanced-to-buyer-leaning territory by conventional benchmarks. Buyers who've been waiting for more selection — and more negotiating room — are finding it. The question now is whether that inventory expansion continues into the spring or whether seasonal demand absorbs the surplus.

MARKET BALANCE
At 4.7 months of supply and a close-to-list ratio of 93.8%, Dallas is operating in a notably more balanced environment than it has in years. That 93.8% figure mirrors the DFW metro average — meaning buyers in Dallas proper are extracting roughly the same concessions as buyers across the broader region. Homes in the $1M+ range accounted for 15.9% of closed sales, a reminder that Dallas's luxury market remains active. But across price bands, the tone has shifted — negotiation is a real part of the transaction again, and sellers who treat their pricing as non-negotiable are often learning otherwise.

2026 Dallas Housing Market Forecast

Dallas enters spring 2026 with more inventory and more buyer leverage than it's had in several years — a meaningful shift for a city that spent much of the early 2020s as one of the most competitive markets in the country. If active listings continue to climb toward or past 4,000, the balance of power could tilt more decisively toward buyers before the traditional spring surge arrives.

Pricing at the median level is likely to remain stable within a narrow band. The composition of what sells each month — particularly the mix of older, smaller properties and higher-end urban homes — will continue to create month-to-month variability that doesn't necessarily reflect individual property value movement.

If mortgage rates ease even modestly in the second half of 2026, sidelined buyers could re-enter with enough force to absorb the current inventory surplus and tighten conditions again. For now, this is a market that rewards preparation and patience — on both sides of the transaction.

Source: NTREIS MLS (Feb 1–Feb 28, 2026) with February 2025 comparison metrics from the Texas REALTORS® Data Relevance Project, in partnership with the Real Estate Center at Texas A&M University.

Dallas Real Estate Overview

A Dynamic Housing Market in One of America’s Fastest-Growing Cities

About Dallas, TX

Dallas is more than just the commercial heart of North Texas—it’s a fast-paced, culturally rich, and economically vibrant city that continues to attract people from across the country and around the world. As the anchor of the Dallas-Fort Worth Metroplex, Dallas offers one of the most diverse, competitive, and opportunity-filled real estate markets in the U.S.

Known for its world-class healthcare, booming job sectors, and nationally ranked arts and dining scene, Dallas is home to Fortune 500 companies, major sports teams, and some of the state’s top universities. Its central location, expansive highway system, and international airport make it a strategic hub for professionals, entrepreneurs, families, and investors alike.

With continued population growth and urban development, the Dallas housing market is constantly evolving—offering new opportunities across all price points and property types.

Homes for Sale in Dallas, TX

The Dallas real estate market is as dynamic as the city itself. Whether you’re drawn to a high-rise condo downtown or a historic home in East Dallas, every neighborhood offers its own distinct lifestyle, architecture, and community culture.

Buyers can explore:

• Luxury condos and high-rises in Downtown, Uptown, Victory Park, and Turtle Creek—offering skyline views, concierge service, and walkable amenities

• Historic homes with original charm and updated interiors in Lakewood, M Streets, Bishop Arts, and Oak Cliff

• Luxury estates in Preston Hollow, Highland Park, and Greenway Parks, known for private lots, prestigious schools, and timeless design

• Mid-century modern and contemporary homes in East Dallas and North Oak Cliff—many with thoughtful renovations and artistic flair

• New construction in Trinity Groves, West Dallas, The Cedars, and other up-and-coming areas, offering affordability with strong upside potential

With dozens of micro-markets across the city, from urban core to residential enclaves, Dallas gives buyers a chance to find a home that aligns with their lifestyle, commute, and long-term goals.

Why Buyers and Investors Choose Dallas

Dallas continues to rank among the nation’s top cities for both relocation and real estate investment. Thanks to its low taxes, business-friendly climate, and strong appreciation trends, the city has become a magnet for employers, entrepreneurs, and remote professionals alike.

What makes Dallas a standout:

• No state income tax and relatively low property taxes compared to other major metros

• A diverse economy, with strength in tech, finance, logistics, education, and healthcare

• Access to top-rated public, charter, and private schools

• Cultural amenities including the Dallas Arts District, Dallas Museum of Art, Klyde Warren Park, and White Rock Lake

• A steady stream of relocations from across the U.S., keeping demand strong year-round

For sellers, Dallas offers the benefit of a broad buyer pool, especially in neighborhoods with limited inventory. Professionally staged and well-marketed homes often receive multiple offers—particularly in central locations with strong school zones or unique architectural appeal.

Your Experts in Dallas Real Estate

Buying or selling in a high-demand, high-velocity market like Dallas requires more than just an online search. It takes insight, experience, and a local team that knows how to read between the lines.

That’s where Cindy and Cory Dunnican come in. As founders of The Dunnican Team at Coldwell Banker Apex, Realtors®, they’ve helped clients successfully navigate everything from condo purchases in Uptown to luxury listings in Preston Hollow and investment flips in East Dallas.

With a people-first mindset and a faith-driven approach to service, they provide:

• Strategic guidance for both buying and selling

• Neighborhood-level knowledge across Dallas’s urban core and surrounding districts

• Honest, expert advice in pricing, offer negotiations, and long-term planning

• A marketing process built around exposure, storytelling, and results

Whether you're buying your next home, making your first move into the city, or listing a Dallas property for top dollar, Cindy and Cory are here to help you succeed—with clarity, care, and confidence.