January 2025 Market Update – North Texas Real Estate Trends
As we step into 2025, the real estate market across North Texas is experiencing shifts that both buyers and sellers should take note of. With inventory levels rising and market times increasing, strategic pricing and preparation are more critical than ever. Let’s break down the latest trends in Denton, Collin, Dallas, and Tarrant counties, comparing them to previous months and highlighting key takeaways for those considering a move.
Market Overview: Active Listings on the Rise
One of the most notable trends this month is the significant increase in active listings across the board. Compared to January 2024, inventory levels have risen sharply:
Denton County: Up 49.1% YoY (3,632 active listings)
Collin County: Up 60.3% YoY (4,202 active listings)
Dallas County: Up 46.0% YoY (6,083 active listings)
Tarrant County: Up 32.9% YoY (5,644 active listings)
With inventory up across the region, buyers have more options to choose from, which can ease competition and slow down price growth. Sellers, on the other hand, need to be strategic with pricing and home presentation to stand out in a more crowded market.
Home Prices: Mixed Trends Across Counties
While median home prices continue to fluctuate, trends vary by county:
Denton County: $440,000 (+1.2% YoY) – Prices are still climbing, but at a slower pace.
Collin County: $465,000 (-3.1% YoY) – A notable dip, signaling a more balanced market.
Dallas County: $345,000 (-1.4% YoY) – Slight decline, indicating some price corrections.
Tarrant County: $341,999 (+2.1% YoY) – Moderate growth, bucking the trend in some areas.
The price drops in Collin and Dallas counties may indicate a shift toward a buyer’s market, while Denton and Tarrant counties still show resilience in pricing. Sellers should be mindful of these shifts and work with experienced agents to price competitively.
Days on Market: Homes Taking Longer to Sell
The time it takes to sell a home has increased across the board, signaling that buyers are taking more time to make decisions:
Denton County: 66 days (12 days more than January 2024)
Collin County: 67 days (10 days more than January 2024)
Dallas County: 59 days (8 days more than January 2024)
Tarrant County: 64 days (10 days more than January 2024)
With homes spending more time on the market, sellers should expect longer negotiation periods and be prepared for potential price adjustments if activity remains slow.
Months of Inventory: Slight Increase, but Still Balanced
Months of inventory remains in a relatively balanced range, but the steady rise indicates a shift away from the strong seller’s market of previous years:
Denton County: 3.1 months (Up 1.0 YoY)
Collin County: 3.1 months (Up 1.1 YoY)
Dallas County: 3.6 months (Up 1.1 YoY)
Tarrant County: 3.0 months (Up 0.7 YoY)
A market with 4-6 months of inventory is considered balanced, so while we’re still on the lower end, buyers are gaining more negotiating power than they had in previous years.
Key Takeaways for Buyers and Sellers
For Buyers
More inventory means more choices – You may have better luck finding a home that fits your needs.
Less bidding wars – With homes sitting longer, you may have room to negotiate.
Price drops in some areas – Dallas and Collin counties are showing signs of softening prices, meaning now could be a great time to buy.
For Sellers
Pricing strategy is key – Overpricing in this market may lead to extended time on the market.
Presentation matters – With rising inventory, homes need to stand out with staging and professional photography.
Be patient – Homes are taking longer to sell, so work closely with an agent to set realistic expectations.
Final Thoughts
The North Texas real estate market is seeing an increase in inventory and longer selling times, but home values are holding steady in some areas while softening in others. Whether you're buying or selling, it's important to stay informed and work with a knowledgeable real estate professional to navigate these shifts.
Thinking of making a move? Mosaic Realty Group is here to guide you through every step of the process. Reach out today to discuss your goals!
