February 2025 Market Trend Dallas

by Erin Harris

February 2025 Market Trend for Dallas, Texas

Hello, and welcome to the February 2025 market update! I'm Erin Harris, a REALTOR® with Real Broker, LLC, serving Dallas, Texas. Today, I'm here to provide you with insightful data points that every buyer and seller should know about our current real estate market.

🏠 Months Supply of Inventory

Currently, the Months Supply of Inventory is at 4.93 months. This means that if no new homes entered the market, it would take just under five months to sell the existing inventory. Over the past 12 months, we’ve seen a 43.73% increase in inventory, indicating a shift toward a more balanced market. This is significant for both buyers and sellers:

Buyers: More options could mean less competition and better negotiating power.
Sellers: Pricing strategically is key to standing out in a growing inventory.

📉 Sold-to-List Price Ratio

The Sold-to-List Price ratio is currently at 97%, meaning most homes are selling close to their original asking price.

For sellers: This underscores the importance of pricing your home correctly from the start.
For buyers: You might find some room for negotiation, but don't expect steep discounts on well-priced homes.

⏱️ Median Days on Market

Homes are spending an average of 47 days on the market. This is a crucial stat for understanding market pace:

Sellers: Be prepared for your home to stay listed for about 1.5 months.
Buyers: Act decisively when you find a home you love, but know you may have some time to weigh options.

💰 Median Sold Price

The current median sold price in Dallas is $428,000. This represents the midpoint of all homes sold and gives a solid benchmark for both buyers and sellers:

Buyers: Know your budget and explore homes in this price range for realistic expectations.
Sellers: Compare your home’s features with this median to assess competitive pricing.

📈 What Does This Mean for You?

Overall, the Dallas market remains active and dynamic. Whether you’re buying or selling, staying informed about these key metrics can empower better decisions.

If you have any questions, need personalized advice, or are ready to take the next step in your real estate journey, don't hesitate to reach out to me!

Thank you for checking out this month's Dallas real estate trends. I look forward to assisting you with your real estate goals.

- Erin Harris, REALTOR® Real Broker, LLC | Dallas, Texas

🌐 Connect with Me:

Visit: www.erin-theagent.com
Instagram: @simplyerinnicole
Email: enhtheagent@gmail.com
Phone: 469-410-4188