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Quick Facts

New Listings were down in the North Texas region 36.7 percent to 8,008. Pending Sales decreased 23.1 percent to 7,554. Inventory shrank 60.0 percent to 11,126 units. Prices moved higher as Median Sales Price was up 14.0 percent to $302,000. Days on Market decreased 36.1 percent to 39. Months Supply of Inventory was down 64.3 percent to 1.0 months., indicating that demand increased relative to supply.

Mortgage interest rates ticked a bit higher in February but remain below their February 2020 levels. Interest rates may rise a bit further in coming weeks, but according to Freddie Mac chief economist Sam Khater, “while there are multiple temporary factors driving up rates, the underlying economic fundamentals point to rates remaining in the low 3 percent range for the year.” With rates still at historically low levels, home sales are unlikely to be significantly impacted, though higher rates do impact affordability.

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 April 6th, 2021

– 10.0%

Change in
Closed Sales


+ 14.0%

Change in
Median Sales Price


– 60.0%

Change in
Inventory

APRIL 2021 LOCAL MARKET UPDATE

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