Housing Report for Dallas-Fort Worth-Arlington Metropolitan Statistical Area – January 2022
Single-Family Homes
Sales volume for single-family homes increased 0.64% YoY from 6,056 to 6,095 transactions.
Dollar volume rose from $2.23 billion to $2.64 billion.
The average sales price rose 17.23% YoY from $368,919 to $432,493,
The average price per square foot subsequently rose from $152.29 to $189.53.
The median sales price rose 22.71% YoY from $295,000 to $362,000,
The median price per square foot also rose from $144.91 to $180.80.
Months of housing inventory for single-family homes declined from 1.0 to 0.7 months supply.
Days to sell declined from 77 to 68.
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(Days to Sell = Days on Market + Days to Close)
(YoY – Year-over-Year is a calculation commonly used in economics or financial data to show how information from one time period compares to the year prior.)
Dallas-Fort Worth Housing Report January 2022
January 2022 | YoY %
Home Sales: 6,095 | 0.64%
Dollar Volume: $2,636,042,555 | 17.99%
Median Close Price: $362,000 | 22.71%
New Listings: 6,697 | -17.64%
Active Listings: 5,956 | -31.13%
Months Inventory: 0.7 | -29.28%
Days to Sell: 68 | -11.69%
Average Price PSF: $189.53 | 24.45%
Median Price PSF: $180.80 | 24.77%
Median Square Feet: 2,040 | -3.41%
Close to Original List Price: 101.15% | 2.67%
COLLIN COUNTY HOUSING REPORT – January 2022
January 2022 | YoY %
New Listings: 961 | – 33.6%
Average Sales Price: $538,791 | + 28.8%
Median Sales Price: $465,000 | + 24.8%
Days on Market Until Sale: 22 | – 43.6%
Months Supply of Inventory: 0.5 | – 37.5%
Are home prices dropping in Dallas in January 2022?
It doesn’t look like it! According to the latest data from the Dallas housing market, prices are on the rise. The average sales price has increased by 17.23% year-over-year, and the median sales price has increased by 22.71%. Inventory levels have declined, meaning that there are fewer homes on the market relative to the number of buyers. This is a trend that we are seeing across the country, as the real estate market continues to rebound from the pandemic.
If you’re thinking about buying a home in the Dallas area, now may be a good time to act. Prices are rising and competition is stiff, so you’ll want to move quickly if you find a home that you like. Be sure to work with an experienced real estate agent who knows the market well and can help you navigate the process.
About the data used in this report
Data used in Dallas-Fort Worth- Arlington report come from Texas Realtor® Data Relevance Project, a partnership between the Texas Association of Realtors® and local Realtor® associations throughout the state. The analysis is provided through a research agreement with the Real Estate Center at Texas A&M University
Data used in Collin County report come from North Texas Real Estate Information Services, Inc.
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