Texas Housing Insight February 2023 Summary

February’s housing market shows 2023 has returned to normal seasonal trends, something not experienced since 2019. Housing sales are back on trend with increases for the month, as are construction starts and permits. Rebounding to pre-pandemic levels means sales and construction activity are still decreased compared with the previous two years. This is likely due to inflated mortgage rates and high inflation. Days on market (DOM) increased across all major metros as inventory rose because of deflated demand. All of these factors point to a cooling housing market and a return to form.

Supply* Rises as Inventory Gains Ground

Single-family construction permits reversed their course for February, gaining significant ground with a 17 percent increase month over month (MOM). All four major metros contributed to the statewide rise, as they all had positive gains for February. Houston led the way with a 33 percent increase over last month (3,793 permits), while Austin lagged the rest with a 0.7 percent gain (1,160 permits).

Construction generally hits a seasonal low in December, and peaks in March or June. Single-family construction starts are following this trend with a seasonally adjusted MOM increase of almost 2 percent. December’s low point reached levels not seen since 2015, due in large part to the drastic increase in mortgage rates. March starts, around 9,200 according to Dodge Data & Analytics, pale in comparison to the previous two March levels, which were record-breaking peaks at the time.

The state’s total single-family starts value reached $4.3 billion in February, down from $7.5 billion in February 2022. Houston and Dallas-Fort Worth (DFW) are responsible for more than half of that. Houston continues to account for the largest portion of Texas’ construction values with 29 percent of the market share. DFW accounts for 25 percent.  Austin and San Antonio remained on par with previous years’ market percentage shares.

February’s active listings continued their upward trend since March 2022 after having slowed in the past two months, when the metric fell to 91,000 units after seasonal adjustment. Although, these levels are still lower than pre-pandemic listing levels. Additionally, despite the small dip last month, months of inventory (MOI) returned to an upward trend as inventory levels reached three months. Austin’s MOI fell to just below three months. Dallas followed a similar trend, with MOI dropping to 2.2 months. Meanwhile, Houston and San Antonio bolstered the state with increases, raising the overall months of inventory.

Demand Increases as Sales and Prices Jump

Housing demand started the new year with an upward trend, as sales volume expanded for two consecutive months. Total home sales had a strong boost of 7.8 percent MOM, doubling last month’s 3.7 percent growth. Sales gained more than 2,000 transactions in a month, marching upward to a seasonally adjusted rate of 29,728 closings. Austin and Houston, the two metros that had their great rebound in January, stayed flat this month (Table 1). Meanwhile, Dallas and San Antonio spiked up. Dallas’ 17.1 percent growth brought more than 1,200 additional homes under contract in February.

Sales across all price cohorts continued to follow their normal seasonal cycle with sales increasing through all price cohorts. Homes in the $300K-$400K range remain at the epicenter of the market, making up 28 percent of Texas sales. This constitutes a 2 percent increase in market share for this price cohort over February 2022. DFW increased its market share by a similar 2 percent this month in the same cohort, as the other metros stayed on course with YOY market shares. Despite sales activity picking up, Texas’ average DOM steadily advanced four days in 2023 to 56 days. Compared with the five-year average of 59 days before 2020, the housing market is fast approaching historic norms. Austin posted a ten-year record of 71 days this month, the longest market time since 2013. This is a major swing from the intense market conditions from just a year ago.

Austin homes’ time on market uniformly lengthened across all price cohorts, while other metros had mixed trends. Among the homes valued above $400K, Austin’s DOM ranged from 57 to 69 days, at least ten days longer than the corresponding cohort in the DFW market. Houston homes in the $750K and above price cohort were in a hot market, staying on market only one day longer than homes below $200K.

Prices Flatten as Rates Remain High 

Texas’ median home price mostly stayed flat from the previous month, and only 0.6 percent higher than a year ago (Table 2). However, home prices did fall in Austin with 4.6 percent MOM and 12.2 percent YOY decreases. Dallas and San Antonio still saw low-single-digit price growth from a year ago.

The ten-year U.S. Treasury bond yield reversed the dwindling trend and marched upward 22 basis points to 3.8 percent. The Federal Home Loan Mortgage Corporation’s 30-year fixed-rate saw the fourth consecutive moderation since November, falling to 6.3 percent.

High mortgage rates have discouraged many homebuyers, driving demand down over the past year. The Texas Repeat Sales Home Price Index accounts for compositional price effects and provides a better measure of changes in single-family home values. Texas’ index gained 3.1 percent MOM. Austin stood out with an 8 percent YOY decrease. The other four metros had minor single-digit YOY increases, indicating possible price normalization.


* All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month over month, unless stated otherwise.

Source – Joshua Roberson, Weiling Yan, and John Shaunfield (April 19, 2023)


March 2023

March 2023 DFW Area Real Estate Stats

March 2023 stats are in and we have the numbers! The North Dallas real estate market is seeing some interesting trends! Active listings in Collin, Denton, and Rockwall counties are up over 50% from last year, while the price per square foot has fallen across all counties. This means there are more options available for homebuyers looking to make a move in 2023. Interestingly enough, the list prices have fallen ever so slightly in all counties except Rockwall. Does this signal a shift to a more buyer-friendly market? Inventory will be the deciding factor, so stay tuned for stats this summer to see!

Our stats infographics include a year over year comparison and area highlights for single family homes broken down by county. We encourage you to share these infographics and video with your sphere.

For more stats information, pdfs and graphics of our stats including detailed information by county, visit the Resources section on our website at DFW Area Real Estate Statistics | Republic Title of Texas.

For the full report from the Texas A&M Real Estate Research Center, click here. For NTREIS County reports click here.


Republic Title Classic

Republic Title recently hosted its second annual golf tournament, The Republic Title Classic, which was a huge success! The event took place on April 3rd at Bent Tree Country Club in Dallas and was attended by dozens of enthusiastic golfers.

The day started off with a delicious breakfast, which was followed by a shotgun start. Participants were grouped into teams of four and played a round of golf on the beautiful Bent Tree Course. The tournament used a scramble format, which allowed players of all skill levels to compete and enjoy the game.

After the round, players enjoyed a reception at the country club while the scores were tallied. The top teams were recognized with prizes and awards, but more than that it was about spending the day with our amazing customers, industry colleagues and sponsors.

The event was not only a fun day on the golf course, but it was also an opportunity for Republic Title to bring people together and strengthen relationships within the community. We even had a hole-in-one from one of the tournament players! A special thank you to our fantastic sponsors, Black Tie Moving, Gordan Highlander, First United Mortgage, CBG Surveying and Sport City Toyota. Thank you for your partnership!

Republic Title’s golf tournament was a great success, and everyone who participated had a wonderful time. It was a great way to enjoy a beautiful day on the golf course and connect with others in the community. We can’t wait to see what Republic Title has in store for next year’s tournament!

To view the photos from the event, visit the Facebook album here: Republic Title Classic Photos

DFW Area Dog Parks

National Pet Day

If you’re a dog owner in the Dallas area, you’re in luck! The city is home to many fantastic dog parks where you and your furry friend can enjoy some fresh air, exercise, and socialization. Whether you’re looking for a spot to play fetch, run around, or simply relax, there’s a dog park in DFW that’s perfect for you. In this blog post, we’ll be listing out all the dog parks in the Dallas area, so you can find the one that’s closest to you or try out a new location. So grab your leash and let’s get started!


Mutts Canine Cantina
1070 Watters Creek Blvd., Allen, TX 75013


Rush Creek Dog Park
1900 Valleywood Dr., Arlington, TX 76013

Tails N Trails Dog Park
950 SE Green Oaks Blvd., Arlington, TX 76018


Bedford Bark Park Dog Park
3200 Meadow Park Dr., Bedford, TX 76021


Waggin Tails Park (Formerly Coppell Dog Park)
400 S MacArthur Blvd., Coppell, TX 75019


Barry Annino Dog Park (Formerly Bark Park Central)
2530 Commerce St., Dallas, TX 75226

Central Dog Park
4711 Westside Dr., Dallas, TX 75209

Meadows Foundation Dog Park
1100 Skiles St., Dallas, TX 75204

My Best Friend’s Dog Park – Klyde Warren Park
2012 Woodall Rodgers Fwy., Dallas, TX 75201

Main Street Garden Urban Dog Run
1900 Main St., Dallas, TX 75201

4899 Gramercy Oaks Dr., Dallas, TX 75287

Wagging Tail
5841 Keller Springs Rd., Dallas, TX 75248

White Rock Lake Dog Park
8000 E. Mockingbird Ln., Dallas, TX 75218


Wiggly Field Dog Park
1760 E. Ryan Rd., Denton, TX 76210


Lakeside Dog Park at Heritage Park
41047281, Flower Mound, TX 75022

Hound Mound Dog Park
1202 S. Garden Ridge Blvd., Flower Mound, TX 75028


Ruff Range Dog Park
5335 4th Army Memorial Rd., Frisco, TX 75034


Fort Woof Dog Park
751 Beach St., Fort Worth, TX 76111

Z Boaz Dog Park
6950 Camp Bowie W Blvd., Fort Worth, TX 76116


Central Bark Dog Park at Veterans Park
7445, 2222 W Warrior Trail, Grand Prairie, TX 75052


Irving Dog Park
4140 Valley View Ln, Irving, TX 75038


Railroad Park
4140 Valley View Ln, Irving, TX 75038


Bonnie Wenk Dog Park
2996 Virginia Pkwy, McKinney, TX 75071


Jack Carter Dog Park
2215 Pleasant Valley Dr, Plano, TX 75023


Bush Central Barkway
3581 N Central Expy, Richardson, TX 75023


Harry Myers Dog Park
815 E Washington St, Rockwall, TX 75087


BooBoo’s Buddies Dog Park at Bob Jones Park
3901 N White Chapel Blvd, Southlake, TX 76092

For this and other helpful DFW area information, please visit our Resource Section.

**Print Version

DFW Area Golf Courses

The weather is perfect to hit the golf course. Here is a list of DFW Area Golf Courses that we have put together.

Bear Creek Golf Club
3500 Bear Creek Ct., DFW Airport

Bent Tree Country Club
5201 Westgrove Dr., Dallas

Bridlewood Golf Club
4000 W. Windsor Blvd., Flower Mound

Brookhaven Country Club
3333 Golfing Green Dr., Farmers Branch

Brook Hollow Golf Club
8301 Harry Hines Blvd., Dallas

Buffalo Creek Golf Club
624 Country Club Dr., Rockwall

Canyon Creek Country Club
625 W. Lookout Dr., Richardson

Cedar Crest Golf Course
1800 Southerland, Dallas

Cottonwood Valley
4150 N MacArthur Blvd, Irving

Cowboys Golf Club
1600 Fairway Dr., Grapevine

Coyote Ridge
1640 West Hebron Pkwy., Carrollton

Dallas Country Club
4155 Mockingbird Ln., Dallas

Dallas Firewheel Golf Park
600 W Campbell Rd., Garland

Dallas National Golf Club
1515 Knoxville, Dallas

El Dorado Country Club
2604 Country Club Dr., McKinney

Frisco Lakes Golf Club
7170 Anthem Dr., Frisco

Gentle Creek Country Club
3131 Prosper Tr., Prosper

Gleneagles Country Club
5401 W. Park Blvd., Plano

Grapevine Golf Course
3800 Fairway Dr., Grapevine

Golf Club of Dallas
2200 W. Red Bird Ln., Dallas

hackberry creek country club
1901 W Royal Ln, Irving

Heritage Ranch Country Club
465 Scenic Ranch Cir., Fairview

Indian Creek Golf Club
1650 W. Frankford Rd., Carrollton

Irving Golf Club
2000 East Shady Grove Rd., Irving

Keeton Park Golf Course
2323 Jim Miller Rd., Dallas

Lake Park Golf Course
6 Lake Park Rd., Lewisville

Lakewood Country Club
6430 Gaston Ave., Dallas

Las Colinas Country Club
4400 N. O’Connor Rd., Las Colinas
clubcorp.com/Clubs/las-colinas -country-club.com

Luna Vista
11223 Luna Rd., Dallas

Mansfield National
3750 National Pkwy., Mansfield

Maridoe Golf Club
2020 Kelly Blvd., Carrollton

Meadowbrook Golf Course1
851 Jenson Rd., Ft. Worth

Northwood Country Club
6524 Alpha Rd., Dallas

Oak Hollow Golf Course
3005 N. McDonald St., McKinney

Print version