May 2024 DFW Real Estate Stats

In May 2024, real estate trends across several counties in the Dallas-Fort Worth area showed varied patterns.

In Collin County new listings increased by 22%, while active listings rose by 47% compared to the previous year. The average days on the market decreased by nearly 10% and the average sales price remained unchanged, but average price per square foot saw a 3.7% increase. Closed sales saw a slight uptick of 1.5% from the prior year.

In Dallas County new listings grew by 13.4%, and active listings saw a significant rise of 42.2% year-over-year. The average days on market increased by 9.4% while the average sales price surged by 16.4% to exceed $600,000. The average price per square foot increased by 7.6%, while closed sales decreased by 8.3% compared to the previous year.

In Denton County new listings increased by 8.7%, with active listings up by almost 34% from May 2023 and the average days on market decreased by 12.2%. The average sales price rose by 5.7%. and the average price per square foot showed a nearly 4% increase. Closed sales were slightly lower compared to the same period last year.

These statistics indicate a robust market with increased listings in most counties, fluctuating prices, and varying trends in days on market and closed sales. For more detailed statistics on Rockwall and Tarrant counties and condominium markets for all counties, take a look at our complete report and make it a great summer from your friends at Republic Title!

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.

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