North Texas Housing Market Remains Balanced as Prices Continue to Rise

The North Texas housing market continued to demonstrate stability in May, offering encouraging signs for REALTORS® navigating a market that has become increasingly balanced compared to the volatility of recent years.

According to the latest market data, residential single-family home sales totaled 8,655 transactions during the month, essentially unchanged from May 2025. While sales activity remained steady, home values continued to move higher, reflecting the strength of the region’s underlying demand.

The average sales price increased 3 percent year-over-year to $531,284, while the median sales price rose 1 percent to $405,000. Despite higher mortgage rates and ongoing affordability concerns, buyers continue to enter the market, supported by North Texas’ strong job growth, population gains, and economic expansion.

One of the most notable trends continues to be the gradual normalization of inventory levels. Active listings reached 30,931 properties, with months of inventory increasing to 4.3 months. For buyers, that means more choices and greater negotiating opportunities. For REALTORS®, it means a marketplace that increasingly rewards local expertise, pricing strategy, and strong client communication.

At the same time, several indicators suggest consumers remain cautious. Pending sales declined 3 percent compared to last year, while new listings fell 9 percent year-over-year to 13,077 properties. Elevated borrowing costs continue to influence both buyer and seller behavior, particularly among homeowners who remain reluctant to give up historically low mortgage rates.

Homes spent an average of 55 days on market, up slightly from a year ago, while sellers received approximately 95.8 percent of their original list price. These figures point to a market that remains active but is no longer operating at the breakneck pace experienced during the pandemic-era housing boom.

Price-per-square-foot metrics also remained relatively stable. The average price per square foot held steady at $209.33, while the median price per square foot declined just 1 percent to $191.72. Together, these figures suggest that pricing remains healthy while appreciation continues at a more sustainable pace.

For REALTORS®, today’s market presents a different set of opportunities than those seen over the past several years. Inventory levels are healthier, buyers have more options, and transactions increasingly depend on market knowledge, negotiation skills, and professional guidance.

Perhaps most importantly, the broader fundamentals supporting North Texas housing remain firmly in place. The region continues attracting new residents, corporate investment, and job creation at levels that rank among the strongest in the nation. Those long-term drivers continue supporting housing demand even as the market adjusts to higher financing costs.

While the market may no longer be defined by rapid price spikes and multiple-offer frenzies, May’s numbers reinforce a positive reality: North Texas remains one of the country’s most resilient housing markets. As inventory continues to normalize and consumers adjust to current market conditions, REALTORS® remain uniquely positioned to help buyers and sellers navigate an environment increasingly defined by balance, stability, and long-term opportunity.