The DFW metroplex topped the U.S. for closed home sales in March, beating out Chicago, New York and Houston, according to a national housing report.
DALLAS — The Dallas-Fort Worth metroplex ranked No. 1 in the nation for closed home sales in March, according to a recent RE/MAX National Housing Report.
DFW edged out other larger metros in the closed home sales metric, such as Chicago, New York and Houston.
Just under 7,770 homes closed in March, which was a -0.4% change year-over-year (Dallas was No. 1 in March 2024 as well with just over 7,770). Even though DFW leads the nation in closed home sales, the region’s active housing inventory is still up 44.7% year-over-year, according to the report. Active housing inventory is up 35.5% nationwide, the report said.
The report, which surveyed 50 metro areas, said number of homes for sale nationwide in March increased 8.0% from February and totaled 35.5% more than March 2024.
Homes in DFW are averaging 60 days on the market as of March, which is 10 days longer than the average in March 2024, the data said.
The median home price in DFW remained unchanged from one year ago, staying at $395,000. That’s lower than the national average, according to the report, which came out to $435,000.
Though home prices have remain stabilized, according to the report’s data, a local realtor says many of his buyers have been cautious.
“Many of my younger buyer clients are still facing affordability concerns, even though home prices have largely remained unchanged,” Todd Luong of RE/MAX DFW Associates said. “However, rising home insurance costs, persistently high interest rates and high property taxes are making things difficult for some of my buyers, especially first-time homebuyers who are wary of purchasing a home that could strain their finances.”
Luong added that ongoing concerns about the new tariffs and fears of a recession have also led to some weakening in buyer confidence and changes in their purchasing decisions.
“I have already had one couple from California who postponed their trip to Dallas for home shopping, and another buyer from the East Coast who decided to continue renting for now instead of jumping into the housing market,” Luong said. “These concerns could influence housing activity throughout the remainder of 2025, particularly in a market like Dallas-Fort Worth, which has grown so rapidly since the pandemic-era boom.”
To read the full RE/MAX National Housing Report, click here.