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Quick Facts

School’s out, and as vaccination rates rise and America enters a new normal, the U.S. housing market continues along at a frenzied pace, with low interest rates and
limited inventory fueling record high sales prices. May saw the median existinghome sales price exceed $350,000, a 24% increase and the largest year-over-year increase since 1999, according to the National Association of REALTORS®. Eager buyers are making multiple offers, some for well over asking price, while others are making offers on homes sight unseen.

New Listings were down in the North Texas region 0.8 percent to 15,415. Pending Sales decreased 22.1 percent to 11,574. Inventory shrank 60.5 percent to 14,155 units.

Prices moved higher as Median Sales Price was up 21.7 percent to $339,649. Days on Market decreased 61.5 percent to 20. Months Supply of Inventory was down 64.7 percent to 1.2 months., indicating that demand increased relative to supply.

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 July 15th, 2021

– 4.0%

Change in
Closed Sales


+ 21.7%

Change in
Median Sales Price


– 60.5%

Change in
Inventory

JUNE 2021 LOCAL MARKET UPDATE

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