"Dallas sellers held pricing power in March while buyers finally had room to breathe—a shift worth understanding before you make your next move. Prices rose year over year even as homes sat longer and fewer new listings hit the market."
"New listings fell 6.0% year over year in March—a sharp contrast to the national figure, which nudged up 0.7%. Total active listings still rose 6.3%, but that growth came from homes sitting longer, not a flood of fresh supply."
"The median list price hit $433,750 in March, up 3.3% year over year, while the national median actually dropped 2.1%. That said, 22.3% of Dallas listings carried a price reduction—well above the national rate of 16.3%."
"The typical home spent 50 days on the market in March—a 13.6% jump from the same time last year. That's a steeper slowdown than the national pace, though Dallas still beat the U.S. median of 57 days."
In March, Dallas experienced a unique housing market dynamic where sellers maintained pricing power despite homes sitting longer. New listings decreased by 6.0% year over year, contrasting with a national increase. The median list price rose to $433,750, up 3.3% from the previous year, while the national median fell. Homes in Dallas took an average of 50 days to sell, which is longer than last year but still quicker than the national average of 57 days, indicating a market in rebalance rather than decline.
Read at SFGATE
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