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Quick Facts

December is normally one of the slowest months of the year but strong buyer demand across most segments of the market, buoyed by near-record low interest rates, continue to drive a healthy sales pace in the face of a new wave of COVID-19 infections and a softening jobs market.

New Listings were up in the North Texas region 4.1 percent to 7,966. Pending Sales increased 7.3 percent to 7,597. Inventory shrank 49.8 percent to 13,808 units.

Prices moved higher as Median Sales Price was up 9.7 percent to $295,000. Days on Market decreased 35.0 percent to 39. Months Supply of Inventory was down 53.6 percent to 1.3 months., indicating that demand increased relative to supply.

With low mortgage rates and strong buyer demand in most market segments, the housing market of early 2021 looks to continue the trends we saw in the second half of 2020. Low inventory and multiple offers on in-demand properties and market segments are likely to remain common while the market waits and hopes for a boost in new construction and a surge in home sellers to help provide more balance to the market.

Thanks for checking out your DFW Local Market Update

*All data is provided by North Texas Real Estate Information Systems, Inc. and is current as of January 5th, 2021

+ 13.8%

Change in
Closed Sales


+ 9.7%

Change in
Median Sales Price


– 49.8%

Change in
Inventory

JANUARY 2021 LOCAL MARKET UPDATE

Download the latest DFW Local Market Update for Collin, Dallas, Denton, Hill, Johnson, Parker, and Tarrant counties here.