Market Report for Dallas-Fort Worth-Arlington, TX – March 2023
The Dallas-Fort Worth-Arlington real estate market remained strong in March 2023, with a median sale price of $390,000, closed sales of 8,639, and active listings of 16,467. The months of inventory (MOI) remained low at 2.1 months, suggesting a seller’s market.
The median price per square foot in March was $192.80, and the median home size was 2,078 square feet. Homes in the market stayed on the market for an average of 59 days, and the close-to-original list price ratio was 95.7%.
Overall, the Dallas-Fort Worth-Arlington real estate market remained strong in March 2023, with increased closed sales and a higher median sale price compared to the previous month. With more Spring listings entering the market, we expect the demand to remain strong in the coming months.
If you are thinking about buying or selling a property in the D/FW area, 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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