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By the Numbers

Real Estate Market Update

Curious about what the market’s doing in your neighborhood? Whether you’re thinking of buying, selling, or just staying informed, our local real estate market updates help you make smarter decisions. Below, you'll find the latest stats, trends, and expert commentary—broken down by county, city, and even neighborhood. This page is updated monthly with insights from The Dunnican Team’s on-the-ground expertise.

 

City of Dallas, TX

MEDIAN SALES PRICE

$365000

MEDIAN SALES PRICE

CLOSED SALES

1901

CLOSED SALES

ACTIVE LISTINGS

8016

ACTIVE LISTINGS

MONTHS INVENTORY

4.8

MONTHS INVENTORY

Dallas, TX Real Estate Market Snapshot – May 2025

Latest Update: June 2025

📊 Key Highlights This Month:
• Median home price: $365,000 (▼ 5.2%)
• Homes selling at 97.1% of original list price
• Inventory up 32.9% (8,016 active listings)
• Median DOM: 25 days (▲ 38.9%)
• Closed sales down 11.1%

🏠 Home Prices: Slight Decline Amid Inventory Growth

The median sales price for homes in Dallas dropped to $365,000 in May 2025, a 5.2% decrease year-over-year. The median price per square foot also declined to $205 (▼ 5.1%). This softening in prices, paired with rising inventory, reflects a cooling trend that may benefit buyers looking for more favorable terms.

📦 Inventory Expands, Demand Slows

Active listings jumped to 8,016 — a 32.9% increase from May 2024 — giving buyers significantly more options. New listings also rose by 8.6%, bringing more fresh inventory to the market. However, both pending sales (▼ 3.4%) and closed sales (▼ 11.1%) declined, indicating a more selective and slower-moving buyer pool.

⏱ Homes Are Taking Longer to Sell

Homes spent a median of 25 days on market, up from 18 days a year ago. While still relatively quick, this 38.9% increase reflects buyer hesitation and increased competition among listings. The months supply of inventory reached 4.8, moving the market closer to balanced conditions. The average sale-to-original list price ratio dipped slightly to 97.1%, signaling some price flexibility.

What Sellers Need to Know

  • More competition: Inventory is up 33% — buyers have more to choose from.
  • Price carefully: Median prices dropped 5.2%, and homes are closing at 97.1% of list.
  • Slower timelines: Expect 25+ days on market, up nearly 40% from last year.
  • Marketing matters: With more listings available, staging, photography, and online exposure are key.
  • Motivated buyers are still out there: Be flexible and responsive to keep deals moving forward.

What Buyers Need to Know

  • Inventory boost: With over 8,000 homes for sale, you have more selection than last year.
  • Prices are cooling: A 5.2% YoY dip in price gives you more affordability and room to negotiate.
  • Time to decide: Homes are staying on the market longer, giving you time to compare options.
  • Less pressure to compete: Fewer bidding wars mean more leverage for repairs and concessions.
  • Focus on value: With a $205 price per square foot average, prioritize homes with updated features and good long-term potential.

Source: MLS data via North Texas Real Estate Information Services (NTREIS), May 2025. Data deemed reliable but not guaranteed.

 

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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. As the anchor of the Dallas-Fort Worth Metroplex, Dallas offers one of the most diverse, competitive, and opportunity-rich real estate markets in the U.S.

Known for its world-class healthcare, booming corporate sectors, and vibrant arts and entertainment scene, Dallas is home to major employers, national sports teams, and leading universities. The city’s central location, international airport, and expansive highway and rail networks make it highly accessible and well-connected—appealing to professionals, entrepreneurs, families, and investors alike.

Dallas's ongoing growth—both in population and development—continues to shape its housing landscape, creating opportunities across every price point and property type.

Homes for Sale in Dallas, TX

The Dallas housing market is as dynamic as the city itself. Whether you’re drawn to the sleek skyline views of Uptown, the tree-lined streets of Lakewood, or the architectural history of Oak Cliff, Dallas offers a home style and neighborhood feel for nearly every lifestyle.

Buyers will find:

  • Downtown and Uptown condos with high-rise views and walkable access to restaurants, parks, and nightlife

  • Historic homes in neighborhoods like M Streets, Winnetka Heights, and Bishop Arts, full of charm and character

  • Luxury estates in prestigious areas like Preston Hollow, Highland Park, and Greenway Parks, with expansive lots and high-end finishes

  • Mid-century modern and contemporary homes in East Dallas, often updated or fully renovated for modern living

  • New construction and townhome communities popping up in transitional areas like West Dallas, Trinity Groves, and The Cedars, offering a blend of affordability and investment potential

Dallas is a city of neighborhoods—each with its own unique vibe, architecture, and community culture. Whether you want urban energy or residential tranquility, there's a corner of Dallas that fits your vision.

Why Buyers and Investors Choose Dallas

Dallas remains a national hot spot for relocation and investment—and it’s easy to see why. The city offers a rare combination of economic strength, housing diversity, and long-term growth potential. With no state income tax, strong property appreciation, and a business-friendly climate, it’s a top pick for both homeowners and investors.

What draws people to Dallas:

  • A strong job market, fueled by tech, healthcare, finance, logistics, and education

  • Access to top-ranked schools, universities, and private academies

  • A mix of urban amenities and green space, including the Katy Trail, White Rock Lake, and Dallas Arboretum

  • Cultural attractions like the Arts District, Dallas Museum of Art, and Dallas Symphony Orchestra

  • Consistent buyer demand year-round, thanks to a steady stream of relocations and corporate moves

For sellers, Dallas’s broad buyer pool and limited inventory in key neighborhoods often result in competitive offers, especially for well-prepared, professionally marketed homes.

Your Guides in the Dallas Real Estate Market

Navigating a fast-paced, complex market like Dallas takes more than just access to listings—it takes strategic guidance, neighborhood-level expertise, and a team who knows how to deliver results. That’s exactly what you get with Cindy and Cory Dunnican, founders of The Dunnican Team at Coldwell Banker Apex, Realtors®.

With deep experience in Dallas's inner-loop neighborhoods and surrounding suburbs, they help buyers zero in on the right fit and assist sellers in positioning their home for maximum exposure. Whether you’re looking for a luxury estate in Preston Hollow, a historic gem in East Dallas, or a townhome near the city center, Cindy and Cory provide faith-driven service, market insight, and unwavering client advocacy every step of the way.

Selling A Home in Dallas?

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Ready to Buy in Dallas?

From Uptown condos to Lakewood cottages, we’ll help you navigate the market and find the right fit.

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