February 2024 showed positive trends in terms of increased new listings, active listings, and a decrease in days on market across North Texas. However, closed sales varied, with some counties experiencing notable declines. Additionally, while the average sales price increased in most counties, Collin County stood out with a slight decline. These variations indicate a dynamic real estate market with differing trends across different counties in North Texas.
- New Listings:
– Overall Trend: All counties experienced significant increases in new listings compared to February 2023, indicating a surge in properties entering the market.
– Notable Difference: Collin County saw the highest increase at 46.6%, while Denton County followed closely with a 38.6% increase.
- Active Listings:
– Overall Trend: Active listings rose across all counties, suggesting growth in available inventory compared to February 2023.
– Notable Difference: Dallas County had the highest increase at 30.9%, while Denton County had a notable rise of 20.6%.
- Days on Market:
– Overall Trend: Days on market decreased in most counties, indicating properties sold faster compared to February 2023.
– Notable Difference: Denton County experienced the most significant decrease at 12.7%, while Tarrant County saw a more modest decline of 1.9%. Rockwall County was an outlier with a 13% increase in days on market over February 2023.
- Closed Sales:
– Overall Trend: Closed sales varied across counties, with some experiencing slight declines while others saw more significant decreases compared to February 2023.
– Notable Difference: Denton County had the highest decline at 11.8%, whereas Collin County saw a slight decrease of 2.9%. Rockwall County was an outlier with a 3.9% increase in closed sales over February 2023.
- Average Sales Price:
– Overall Trend: The average sales price increased in most counties, indicating a positive trend in pricing compared to February 2023.
– Notable Difference: Collin County experienced a slight decline of 1.3% in average sales price, contrasting with the overall upward trend observed in other counties.
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.
