In August, home prices fell moderately from the month before, with a median listing price of $439,000.
The number of listings on the market shrank 4.1% from last month, which is a bigger decrease than normal for this time of the year in Dallas, and homes are also selling slower than at the same time last year.
Home prices in Dallas
Typically, home price per square foot in Dallas tend to fall in August. And the most recent data shows that the price per square foot decreased by 2.3% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in Big D are larger the national market.
Dallas inventory
In August, there were 4,278 homes for sale in Dallas, which was 4.1% less than the month before and 18.9% more than the same time last year…