The median home price increased slightly in the Dallas-Fort Worth Metroplex, according to the latest housing report from the MetroTex Association of REALTORS®.
The median home price went up 1.3% year over year, reaching $389,945 in December. In November, the median was slightly higher at $390,000.
Active listings increased by 8.3% year over year, with 19,282 properties on the market during the month. Closings, however, decreased by 5.9% with 6,416 homes sold.
Homes sold slightly faster than they did a year ago — the typical home spent 88 days on the market in December (55 days on market, plus 33 days to close). If sales were to continue at the same pace, Dallas-Fort Worth would have a 2.6-month inventory supply, up from 2.2 months in December 2022.