The Dallas – Fort Worth – Arlington real estate market in April 2023 demonstrated positive trends:
- Median Price: Increased to $399,900, indicating a 2.5% growth from the previous month.
- Closed Sales: There were 8,090 closed sales.
- Active Listings: Decreased to 16,432, suggesting a tighter inventory.
- Months Inventory: Maintained at 2.1 months, indicating a seller’s market.
- Days on Market: Decreased to 52 days, showing increased demand and faster sales.
- Days to Close: Maintained at 32 days, suggesting an efficient process.
- Median Price/Sq Ft: Increased to $197.04, indicating buyers’ willingness to pay more.
- Median Home Size and Year Built: Maintained at 2,078 sq ft and 2005, respectively.
- Close/Original List Price: Improved to 96.8%, benefiting sellers.
Overall, the Dallas/Fort Worth market in April 2023 exhibited positive growth, strong buyer demand, and tight inventory conditions. The market remains favorable for sellers, with prices and close-to-list-price ratios on the rise.
If you are thinking about buying or selling, it is important to work with a qualified realtor who can help you navigate the current market conditions. Schedule a consultation here.
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The Texas Real Estate Research Center is a valuable resource for real estate professionals, investors, and anyone interested in learning more about the Texas real estate market.
https://www.recenter.tamu.edu/
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