As we head into the holiday season, it’s still very much an exciting time for the Dallas/Fort Worth metroplex real estate market! As I think about the real estate landscape, the word that keeps coming to mind is “Investment”. Investing in real estate is always a good idea, especially in the Dallas/Fort Worth metroplex. DFW has just been crowned the nation’s top spot for real estate investment and development for 2025, according to a report (1) from PricewaterhouseCoopers and the Urban Land Institute. Dallas is home to 23 Fortune 500 companies, which is the fourth largest concentration in the nation! Some of those companies include McKesson, AT&T, Southwest Airlines, DR Horton, CBRE, Kimberly Clark and Charles Schwab. A few companies that are moving to (or expanding in) DFW in 2025 and beyond Strive Enterprises, Wells Fargo and Fibergate Structures. On top of that, almost $1 Billion is being poured into the Uptown Dallas area to transform the neighborhood into what’s being called “Y’all Street”. By 2030, a 150-acre section of Uptown will be re-imagined into the stomping grounds for thousands of employees of Bank of America, Goldman Sachs and Deloitte. The $500 million campus for Goldman Sachs (pictured) has already begun construction.
Aside from commercial developments and businesses moving to and expanding in DFW, there are also tons of new apartment complexes being built every day and new home construction is on the rise as well. Apartment construction has skyrocketed in DFW, and the metroplex is on the brink of possibly passing New York City, with the second-highest rate of new apartment construction in the nation, according to a report (2) from RentCafe. Dallas area developers are estimated to build approx. 33,000 new apartments by the end of this year. The report attributes the construction increases to the population growth in DFW. In addition, we have the added bonus of having a thriving job market, relative affordability in relation to other metro markets and desirability amongst major companies moving here. The new construction landscape is also still very strong, with closings capturing 29% of the total closings in 2024. According to a report by the Dallas Builders Association, “the supply side counts in the DFW metroplex are increasing, with 295 new projects opened versus 227 sold out in the past 12 months. Despite a balanced vacant developed lot supply, lot deliveries are slowing, yet they still outpace start activity.” (3)
For people looking to invest in traditional residential real estate, the DFW market is still very strong. According to NTREIS (North Texas Real Estate Information Systems) and our local MLS for all North Texas, the median sales price in October was $474,000. That represents a 3.1% increase over October of last year. The DFW Metroplex continues to appreciate at a healthy percentage year over year, despite economic and social challenges that negatively affect other real estate markets. Since October of 2014, the median sales price has increased by almost 50%! With that being said, opportunities still exist everywhere for current buyers. The average days on market for a home is around 58, which is on the rise headed into the holidays. The average percentage of the final sales price versus the original list price of homes across North Texas is currently around 94.3%. Another opportunity metric for current buyers in the DFW metroplex is in the amount of homes that have had a recent price reduction. According to our MLS, there were 673 price reductions over the last week, compared to 587 new listings. If you are a home buyer or investor looking to purchase in the DFW metroplex, you definitely need a trusted real estate adviser (me) to help you navigate the current landscape and know where to find good opportunities!
Did you know: Out of 31 Dallas County cities, only 8 have a positive “Opportunity Score”. Out of those 8 cities, there are 2 that have scored “Hot”. What does this mean, you ask? Each month, I analyze a bunch of market data to highlight and compare certain financial scenarios to then find investment opportunities. Typically, when people purchase properties to invest in, they will lease or rent them out after investment money to repair and/or get the house ready for the market. I compare what the average lease prices are versus what an average monthly payment would be for a buyer, based on median sales prices and hypothetical purchase scenarios. Essentially, if the average lease price is higher than the approx. monthly payment, that is what I consider a “Hot” investment opportunity! To find out more or learn about these particular cities, let’s schedule a time to chat! (4) All in all, it’s a very good time to invest in real estate here in the DFW metroplex!
Links:
(1)
https://digitalmkg.pwc.com/etre-2025-pwc-uli/p/1
(2)
https://www.rentcafe.com/blog/rental-market/market-snapshots/new-apartment-construction/
(3)
(4)