Dallas, TX Housing Market Update | Reporting Period: July 1–31, 2026
Key Highlights | Dallas Housing Market Update
- Median Price: $437,360 (-2.8% year over year)
- Closed Sales: 856 (-4.1% year over year)
- Active Listings: 4,171 (-6.5% year over year)
- Months of Inventory: 5.2 (up from 5.3 last July)
Pricing pulled back modestly in Dallas this July, and the numbers underneath it tell a fairly ordinary story rather than a dramatic one. With more than 800 closings, this is a market with enough transaction volume that the trend lines mean something.
PRICES
Median price landed at $437,360, down 2.8% from July 2025. Price per square foot moved further, falling 5.2% to $238.00. When the two numbers diverge like that, it usually points to a shift in what's selling rather than a straight decline in value — in this case, likely a mix of somewhat smaller homes closing this July compared to last. Worth watching over the next couple of reporting periods, but not yet a signal to overreact to.
SALES ACTIVITY
Dallas closed 856 sales in July, down 4.1% from a year ago. That's a soft but not alarming pace, consistent with a market where buyers are still active but taking their time.
INVENTORY
Active listings fell 6.5% year over year to 4,171. Months of inventory ticked up slightly to 5.2, meaning buyers today have a bit more room to shop and negotiate than they did twelve months ago, even with fewer total listings on the board.
MARKET BALANCE
At 5.2 months of supply, Dallas sits just over the line into buyer-leaning territory. Homes spent 53 days on market before going under contract, one day more than last July, and sellers are seeing a bit more give at the table — the close-to-list ratio held at 94.0%.
What Sellers Need to Know
- Pricing correctly from day one matters more than it did a year ago — buyers have more to choose from.
- Expect some negotiation: homes are closing at 94% of original list price on average.
- A 53-day average time on market means presentation and pricing strategy both carry real weight.
- Homes priced in the $500K–$749K band made up the largest single price segment this month, at 18.4% of sales.
What Buyers Need to Know
- Inventory is down from last year, but months of supply are actually a touch higher — you have some negotiating room.
- Median price has eased slightly, which can help affordability at the margins.
- Homes are sitting a little longer on average, so there's less pressure to rush a decision on well-priced listings.
- Price bands from $200K–$400K together account for roughly a third of closed sales, if that's your target range.
2026 Dallas Housing Market Forecast
If current inventory trends hold, Dallas buyers should continue to see a bit more breathing room through the rest of the year than they had in 2025. Pricing is likely to stay close to flat rather than swing sharply in either direction, assuming sales volume doesn't drop off further. If mortgage rates ease later in the year, expect some of the buyers currently sitting on the sidelines to re-enter, which could tighten inventory again heading into 2027. For now, though, conditions favor buyers who are ready to act on well-priced homes, while sellers who price realistically and present well should still find solid demand.
Trending in Real Estate News
- Realtor.com: National inventory continues climbing even as mortgage rates hover near 6.67%, giving buyers more room to negotiate heading into fall. Read more
- Redfin: Pending home sales edged up slightly in early August after a slow summer, though they remain below last year's pace nationally. Read more
- MetroTex Association of REALTORS®: North Texas inventory growth is starting to slow, with DFW posting modest year-over-year declines in active listings — an early sign the market may be stabilizing. Read more
- Zillow: Zillow's latest national forecast calls for roughly flat home price growth over the next year, with Dallas among the metros it expects to see modest price declines. Read more
Thinking about buying or selling in Dallas? The Dunnican Team would love to help you make sense of what these numbers mean for your specific situation. Reach out anytime — we're happy to talk through your options, no pressure, no obligation.
Source: Texas REALTORS® MarketViewer — NTREIS data via the Texas REALTOR® Data Relevance Project, MetroTex Association of REALTORS® (July 1–31, 2026, compared to July 2025). The Dunnican Team at Coldwell Banker Apex, Realtors® | TREC License #0461619 | Designated Broker: Lori Arnold | Equal Housing Opportunity
Dallas Housing Market FAQs
Is now a good time to sell a home in Dallas?
It depends on your home and your timeline, but the data gives a few clues. Homes are closing at 94% of original list price and spending about 53 days on market before going under contract, both signs that well-priced, well-presented listings are still finding buyers. Overpricing in this environment is riskier than it was a year ago, since active listings are still sizable at 4,171.
Is now a good time to buy a home in Dallas?
Buyers have more room to negotiate than they did a year ago. Months of inventory sit at 5.2, technically buyer-leaning territory, and median price is down 2.8% year over year. If you find a home that fits, this is a reasonable window to make a move without feeling rushed.
How long are homes sitting on the market in Dallas?
The average is 53 days on market, up just one day from July 2025. From contract to closing typically takes another 29 days, for a total of about 82 days start to finish — essentially unchanged from last year.
Are home prices rising or falling in Dallas?
Median price is down 2.8% year over year to $437,360, and price per square foot is down 5.2% to $238.00. The gap between those two figures suggests some of the shift reflects the size and type of homes selling this year rather than a uniform drop in value.
How competitive is the Dallas housing market right now?
Less competitive than it was a year ago, but still active. Active listings are down 6.5% year over year, yet months of inventory actually rose slightly to 5.2, meaning the pace of sales has cooled a bit more than the supply has. That points to a market gradually shifting in buyers' favor.
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