Dallas Real Estate: March 2025 - More Options for Buyers, Strategic Moves for Sellers
- Brandon Scribner
- Apr 21
- 3 min read
The Dallas County real estate market is showing some interesting dynamics in March 2025, with shifts in new construction, resale, and rental sectors. Let's dive into the key trends.
New Construction Market: Expanding Opportunities with Price Adjustments
The Dallas County new build market is seeing increased opportunities for buyers. There's been a significant increase in both active and new listings.
Active listings are up by 24.7% compared to last year.
New listings have also increased by 26.4% year-over-year.
This surge in inventory provides buyers with more choices. However, the pricing landscape reveals some adjustments.
The average price for new builds is $885.56K.
Average list prices are down by 3.9% compared to last year.
The average sold price has decreased more substantially, down 7.8% year-over-year.
Key New Construction Market Trends:
Inventory Surge: Active listings have increased significantly (up 24.7% year-over-year).
Price Fluctuations: Average list prices are showing a slight decrease (down 3.9%), and average sold prices have decreased more substantially (down 7.8%).
Slower Sales: While specific sales numbers aren't highlighted in the intro, the average sold price decreasing more than the average list price indicates a potential moderation in sales activity.
Market Balancing Act: The months of supply is 5.1, up 28.6% from last year, indicating a move towards a more balanced market.
Builders Still Holding Firm (Mostly): New builds are still fetching 95.7% of their original list price.
Buyers Taking Their Time: Homes are staying on the market for an average of 90 days, a 20% increase from last year.
Resale Market: Inventory Surge and Shifting Buyer Dynamics
The Dallas County resale market is also experiencing significant shifts, largely favoring buyers.
Active listings have surged by 41.2% compared to last year, reaching 5,855.
New listings have increased by 10.8% to 2,848.
This inventory growth gives buyers a wider selection.
The average price is $648.84K.
Average list prices have decreased slightly by 1.4%.
Interestingly, the average sold price has increased by 7.1% to $553.4K.
Key Resale Market Trends:
Inventory Surge: Available homes have increased significantly (up 41.2% year-over-year).
Price Trends: Average list prices are showing slight decreases (down 1.4%), while average sold prices increased (up 7.1%).
Sales Slowdown: Closed sales decreased slightly by 4.7%.
Balanced Market with Shifting Dynamics: The months of supply is 4.0, a significant jump of 33.3% compared to last year, indicating a shift towards buyer advantage.
Increased Days on Market: Homes are taking longer to sell, with an average of 49 days on market, a 28.9% increase from last year.
Slightly Lower Percentage of Original Price Received: Resale homes are selling for 95.0% of their original list price, down slightly by 1.1% from last year.
Rental Market: Increased Inventory and Strong Demand
The Dallas County lease market presents a mix of increased inventory and strong demand.
Active listings have increased by 12.5% compared to last year, totaling 2,704.
New listings have also risen by 14.6% to 1,526.
This means renters have more options.
The average price is $3.13K.
Both average list price and average closed lease price have surged, up by 12.5% and 13.0% respectively.
Key Rental Market Trends:
Increased Rental Inventory: Available rental listings are up 12.5% year-over-year.
Rising Prices: Average list and closed lease prices have substantially increased (up 12.5% and 13.0% respectively).
Strong Demand: Completed leases are up 13.0%.
Months of Supply Remains Relatively Tight: The months of supply is 3.2, down slightly by 0.4% compared to last year.
Properties Leasing Relatively Quickly: The average days on market for lease properties is 50 days, a slight increase of 12.3% compared to last year.
High Percentage of Original Price Secured: Lease properties are being rented out for 97.6% of their original listed price.
Overall Market Outlook
The Dallas County real estate market in March 2025 is characterized by increased inventory in both resale and rental sectors, offering more choices. The new construction market shows expanding opportunities with price adjustments. Resale market dynamics are shifting towards buyer advantage due to increased supply and longer market times. The rental market demonstrates strong demand with rising prices despite increased listings.
Important Note:
This analysis is based on data from NTREIS (North Texas Real Estate Information Systems) as of March 31, 2025. Market conditions can change rapidly, and this report is intended for informational purposes only. It should not be considered a guarantee of future market performance.
