Dallas/Fort Worth Real Estate Market Update - February 2025

Part of my monthly research that goes into writing these real estate market updates is monitoring and analyzing mortgage interest rates. When I started compiling all of my data about 2 weeks ago, the 30-year fixed-rate mortgage, according to FreddieMac (the Federal Home Loan Mortgage Corporation) was 6.89%. Since then, that interest rates have dropped to 6.87% and then again to 6.85%. Decreasing mortgage rates are always a good thing, and the forecast for the rest of 2025 is that rates will continue to decrease slightly. 

 

When mortgage rates decrease, home buyer activity increases and the mood of the market always seems to be a bit more positive. Closed home sales are up slightly year over year, with approx. 6,500 homes being sold across the Dallas/Fort Worth metroplex and North Texas region in January. Home inventory is still relatively high, with 38,000 properties available across the metroplex (according to MLS). With more homes available for buyers and interest rates on the decline, the spring market is looking very promising for the real estate market and opportunities for home buyers. In addition, homes are staying on the market for an average of 70 days and the average % of original sales price is approx. 94%. Even though home sales prices are on the rise, buyers are still finding good opportunities and purchasing homes for less than the asking amount. The median sales price of a home in the DFW metroplex is currently $365,000.

 

Out of the 11 counties that make up the DFW metroplex, only 4 counties have a median sales price that is statistically down year over year. Collin County has a sales price of $461,000 (-3.5%), Parker County has a sales price of $425,000 (-7.6%), Ellis County has a sales price of $390,000 (-2.5%) and Wise County has a sales price of $365,000 (5.2%). Dallas County is up approx. 1.4%, Denton County has a sales price of $445,000 (+1.4%), Rockwall County has a sales price of $400,000 (+2.6%), Johnson County has a sales price of $351,000, Tarrant County has a sales price of $342,000 (+2.1%), Kaufmann County has a sales price of $321,000 (+.6%) and Hunt County has a sales price of $298,000 (+2.7%).

 

The spring real estate market is picking up and mortgage rates are on the decline! If you (or someone you know) has any questions about the real estate market, needs a deeper dive into a specific county or community in the DFW Metroplex or just wants to know where we are all headed, give me a shout! If you are a home buyer looking to capitalize on the opportunities that exist, reach out to me and my financial support team for the right plan based on your wants and needs. Here's to a great 2025!!

Work With Chris

Chris Fox has a diverse background in marketing, photography, interior design, and account management, which makes him ideally situated to help the right buyer or seller complete the desired real estate transaction.