With more than 7.6 million residents in total, the DFW area is consistently one of America's fastest-growing and most attractive urban areas. In 2022, it crossed the threshold to become the #3 largest metroplex in the United States, and it continues to entice newcomers from far and wide.
Our real estate agents are always glad to welcome anyone who is considering becoming a part of the unfolding DFW story. There are homes to meet every taste, need, and budget throughout the DFW's many colorful and historic communities. And you're sure to love meeting the many small businesses.
Let's drop in on some of the best places to enjoy a coffee in Dallas-Fort Worth:
Contact us to find out more about homes and amenities in Dallas-Fort Worth.
The North Texas housing market is downshifting quickly, with Dallas-Fort Worth being the only U.S. market to see a decrease in home sale prices last month, according to a report released today. DFW home prices are down 1.9% year over year in July, according to the latest Re/Max National Housing Report.
And what a difference a month makes. Last month, DFW led the U.S. for home price increases, with June prices up 29.3% over the previous year. In hard numbers, home sales prices in DFW fell to $413,900 in July from $422,000 in July 2021. Homes in DFW spend an average of 23 days on the market before selling.
Higher interest rates and inflation, as well as record home prices, triggered a sharp drop in demand for housing, said Todd Luong, a realtor with Re/Max DFW Associates: "Here at our Re/Max office in Dallas-Fort Worth, our listings are currently getting on average 2.7 showings per week," Luong said. "Last year, at this same time, our listings were earning on average 5.9 showings per week. That is a huge drop in buyer demand compared to the previous year. Record home prices and higher mortgage rates have forced many potential buyers out of the market, especially first-time homebuyers."
While the latest trends may disappoint some sellers, buyers now have more choices and better opportunities for good deals, Luong said. Luong said that the DFW housing market has been challenged with low inventory for years and reached an all-time low earlier this year, with only a two-week supply. Now, however, inventory is increasing. "Although buyers have more choices now, it is still not a balanced market as we only have about a two-month housing supply," Luong said. "In a normal market, you have about a five to six-month supply of housing."
A new report from Zillow also found falling home values, although the numbers didn't match Re/Max's precisely because of different study methods and different geographic definitions of DFW as a metro area, among other reasons. According to Zillow's findings, the Dallas-Fort Worth metro area's typical home value is $396,904, down 1.1% since June, the first month of decline. Values are up 55.4% since July 2019.
Zillow also reported that the mortgage payment on a typical home in DFW is $2,633 a month, including taxes and insurance. That's up 77.4% compared to July 2019.
According to Zillow, inventory in DFW has risen 10.2% since June, and the share of listings with a price cut in July was 22%, compared to 15.6% in June. Nationwide, after two years of unprecedented growth, home values fell for the first time since 2012 as competition for houses eased, according to Zillow's July market report.
The slowdown is being driven by decreased competition among buyers. Zillow's analysis says that affordability pressures have pushed many to the sidelines, and buyers are waiting in the wings to resume their search if and when prices relax a bit. Skylar Olsen, Zillow's chief economist, called the flattening of home values "a badly needed rebalancing. This slowdown is about discouraged buyers pulling back after the affordability shock from higher rates," Olsen said. "As prices soften, many will renew their interest, and we will continue our progress back to 'normal.'"
Luong said he sees positive signs in the market. The interest rate for a 30-year fixed mortgage dropped below 5% after peaking in June. More than 290,000 new jobs were added in Dallas-Fort Worth last year, so North Texas has one of the strongest labor markets in the country. "Reasonably priced homes that are in good condition and move-in ready are still selling very fast," he said. "However, the bidding wars have subsided considerably across the board."
No matter whether you prefer Dallas homes for sale or Fort Worth homes for sale, the Dallas-Fort Worth area is full of fun and surprises for the whole family. Local businesses bring lots of character to the DFW, and markets – from swap meets to farmers markets – go on every day of the week.
You'll never have to go far to have an exciting time looking for unique treasures. From the big cities to the small suburbs, communities make plenty of space for local markets. In fact, there are so many options you may not even know where to start.
Let's visit just a few of the DFW's fascinating markets perfect for shopping local:
Our real estate agents know there are plenty of places in the area for local shopping. It's one of the many perks of living in the area!
Contact us to find out more about Dallas-Fort Worth today.
It may not be the horse-drawn sleigh of old, but your car serves as a perfect vehicle for seasonal adventures. Our real estate agents can't wait to take in these holiday light displays that are just minutes from Dallas homes for sale.
Have your own festive light display in your new DFW home. Contact us at RE/MAX DFW Associates to learn more.
Dallas, Fort Worth, and the many wonderful smaller cities in North Texas are home to some of the state's best, most acclaimed wineries. In addition to producing award-winning wines, these wineries often host special events where you can enjoy great food, camaraderie, live entertainment, and unique, behind-the-scenes tours. Many of the area's most popular wineries work together to create wine trails, with coordinated events that make it easy to explore all that various local wineries have to offer. Our real estate agents have the delicious details on 4 North Texas wine trails that you will love to explore this summer.
Dallas Town and Country Wine Trail
The Dallas Town and Country Wine Trail is the perfect option for anyone who wants to visit some amazing wineries close to Dallas homes for sale. There are six great wineries to visit on this trail, including Carmela Winery, Eden Hill Winery and Vineyard, Caudalie Crest, Lone Star Wine Cellars, Landon Winery, and Grayson Hill Winery. Many of these wineries are located in quaint, historic town squares in smaller communities just outside of Dallas. Taste some award-winning local wines, enjoy scenic countryside drives between each winery, and learn more from the experts about how some of the best wines around Dallas are produced.
North Texas Wine Country Trail
Looking for a single wine trail that can keep you busy with new places to explore all summer long? The North Texas Wine Country Trail includes wineries in 22 counties, starting with the DFW region and spreading out through a diverse selection of North Texas communities. There's a winery for every taste on this trail, from urban wineries in DFW to sprawling, countryside vineyards located far from the hustle and bustle of the big cities. There's a ton to explore throughout the summer, and the fun continues well into the fall. Keep an eye out for big events like the Downtown Wine Walks of North Texas Wine Country and the Windsong Wine & Music Festival.
Grapevine Wine Trail
Located just a short drive from the big cities, the Grapevine Wine Trail showcases five of the best wineries in downtown Grapevine. Most of the wineries on this trail are within walking distance so that you can enjoy a leisurely walk through Grapevine's historic downtown between each stop. During coordinated events on the Grapevine Wine Trail, one ticket will give you access to three tastings with food pairings at each winery on the trail, along with a commemorative wine glass from each winery that you visit. Check the website regularly for scheduled events, and plan ahead for transportation if you'd rather not walk between wineries.
Vine & Wine Tours of North Texas
While most wine trails are self-guided, Vine & Wine Tours of North Texas offers a guided, all-inclusive tour of three of the most popular wineries located near Fort Worth homes for sale. These tours will take you to some of the oldest wineries in DFW, with the opportunity to tour production facilities, ask questions to expert winemakers, stroll through the vineyards, and of course, taste some incredible wines. During your five-plus-hour tour, you will be guided by a former winery owner who is happy to tell you more about the industry and the history of wine in North Texas.
Fine wine and great times are never far from your front door when you live in the Dallas-Fort Worth area, and our team is here to help you find your next home in your favorite city. Contact us to buy and sell homes throughout the DFW region.
Our real estate agents love having an excuse to enjoy a sweet treat. March 14th is affectionately known as "Pi Day" -- and we think that's close enough!
There are so many great bakeries in the DFW area, you might want to start visiting them now, so you're prepared when the big day rolls around. Here are a few of our favorites.
Are you looking for a "sweet" deal on a new home? Our agents would love to show you some of the area's best neighborhoods! Contact us today to discuss your goals and get started.
Whatever else is going on in our lives, Thanksgiving is a constant, providing us with a comforting sense of gratitude. Celebrate in style with a fine-dining feast from one of these upscale restaurants around DFW recommended by our real estate agents.
In 2021, will you be giving thanks for a new home in Dallas or Fort Worth? Contact us at RE/MAX DFW Associates for help with all your real estate questions.
North Texas home sales dropped in September by the largest percentage in more than seven years. Preowned home sales in the area fell by 7 percent from September 2017. That was the biggest year-over-year sales decline since early 2011, according to data from the Real Estate Center at Texas A&M University and North Texas Real Estate Information Systems. Home sales by real estate agents have been down in three of the last four months. Higher mortgage costs and years of rising home prices have caused some buyers to pull back from the market. Mortgage rates on average are currently about 4.7 percent — the highest level in seven years — and are expected to go higher in 2019. With September's sales decline, preowned home sales by real estate agents in North Texas are now flat with the same period of 2017. A record of more than 106,000 homes sold in the area last year. "We think things are going to be flat," said Dr James Gaines, chief economist for the Real Estate Center. The Dallas-Fort Worth housing market has cooled significantly since early in the year when sales were still up by double-digit percentage rates from 2017 levels.
Home price growth has also slowed. Median home sales prices rose by 4 percent in September from a year earlier to $251,000. For the first nine months of 2018, prices are up 5 percent from the sale period in 2017. With sales declining, the number of houses on the market in North Texas has growth to 25,895 preowned single-family homes listed with real estate agents at the end of last month. That's 16 percent more homes for sale in the area than a year ago. On average it took 44 days to sell the houses that trade in September — up 5 percent from a year earlier. Currently there is about a 3-month supply of homes available for purchase in the more than two dozen North Texas counties included in the survey.
Districts |
Total |
Aledo |
$1,302,064 |
Allen |
$3,590,352 |
Argyle |
$272,830 |
Carroll |
$34,575,215 |
Carrollton-Farmers Branch |
$22,516,436 |
Celina |
$114,767 |
Coppell |
$45,012,181 |
Crowley |
$32,287 |
Dallas |
$16,345,107 |
Eagle Mountain-Saginaw |
$529,419 |
Glen Rose |
$4,791,034 |
Granbury |
$8,465,995 |
Grapevine-Colleyville |
$54,225,111 |
Highland Park |
$109,572,068 |
Kennedale |
$23,317 |
Lake Dallas |
$139,458 |
Lewisville |
$17,918,467 |
Little Elm |
$831,896 |
Lovejoy |
$938,605 |
McKinney |
$5,031,641 |
Pilot Point |
$116,855 |
Plano |
$209,401,299 |
Prosper |
$1,836,640 |
Waxahachie |
$302,350 |
Weatherford |
$1,061,309 |
SOURCE: Estimates from Texas Education Agency