Dallas Housing Supply Dries Up, Buyers Battle
Inventory Surge and Market Dynamics An unprecedented surge in housing inventory is sweeping across the Dallas-Fort Worth (DFW) real estate market. This change has not been seen in a decade. Currently, the inventory has reached around 29,000 homes. This marks a 70% increase above the long-term average. Significant market shifts have been prompted, notably increasing buyer leverage. Single-family homes are now experiencing a 33.32% rise in months of supply. This reflects a substantial accumulation of unsold homes. Key counties like Collin, Dallas, and Rockwall report double-digit increases in active listings. This expansion creates opportunities for cash buyers to capitalize on quick deals in the competitive landscape. The surge in listings suggests that inventory growth is outpacing demand nearly two to one. With this dynamic, buyers find enhanced negotiation power. As homes linger longer on the market, buyers encounter a setting with greater choice. The median days on market increased...