Dallas-Fort Worth ranked No. 3 among the 49 largest U.S. cities for the number of homes sold in August, despite a 4.6% year-over-year decline in transactions, according to the most recent RE/MAX National Housing Report.    

Closed sales fell to 8,062 transactions from 8,450 in August 2023. New York and Chicago took first and second place, while Houston and Atlanta ranked No. 4 and 5, respectively.    

Dallas-Fort Worth also ranked third in the U.S. for new listings, which jumped 16% year over year to 12,721. Houston and New York took the top spots, respectively, while Chicago and Washington, D.C., ranked No. 4 and 5.     

The median sales-price in Dallas-Fort Worth slid 1.3% on a monthly and yearly basis to $395,000. 

 “The housing market in Dallas-Fort Worth has slowed down, shifting towards more buyer-friendly conditions compared to the frenzied pace of previous years,” said Todd Luong, an agent with RE/MAX DFW Associates. “Home prices in the Dallas-Fort Worth area have also stabilized, which has been good news for buyers. In fact, many sellers are reducing their listing prices in this market as inventory levels have soared tremendously compared to previous years.” 

Nationwide, home sales slid 3.3% on a monthly basis and 3.8% on a yearly one, while new listings were up 7.9% year over year. The national median sales price was down 1.1% from July but up 3.5% from August 2023, at $440,000. 

“While we saw a slight dip in sales month-over-month, the market continues to show resilience with some year-over-year price growth,” RE/MAX President Amy Lessinger said in the report. “The rise in new listings signals that more homeowners are recognizing the value of listing in today’s environment. Buyers and sellers alike can find opportunity, especially with a steady flow of homes entering the market.”