North Texas sees largest jump in home sales in recent years 

DALLAS – November home sales in Dallas-Fort Worth showed the largest year-over-year improvement since mid-2021, with nearly 6,800 homes sold, a 15.6 percent increase.  

Median home prices rose slightly to $395,000, while active listings increased by 32.6 percent over last year. Homes stayed on the market longer, averaging 90 days. 

Inventory levels remain high, with 3.8 months of supply, favoring buyers. Mortgage rates, currently at 6.91 percent, are a key concern, driven by inflation and bond market trends. Experts predict rates and policy clarity under the new administration will shape the 2025 housing market, potentially leading to a stronger summer season. 

Despite high prices and increasing costs, experts suggest the market is stabilizing rather than declining, with first-time buyers still facing challenges due to affordability.