The Dallas, TX metro area housing market in January 2025 presents a complex landscape with varying trends across key metrics. The Median Sales Price has decreased by 4.0% year-over-year, now standing at $405,300. This decline contrasts with the Median List Price, which has increased by 7.4% to $429,900, indicating a potential gap between seller expectations and buyer willingness.

In terms of Price Per Square Foot, the Median Sales Price per square foot has seen a slight decline of 1.1%, now at $194.07. Conversely, the Median List Price per square foot has risen by 2.2% to $210.22. This divergence suggests that while sellers are optimistic about pricing, buyers are more conservative, possibly due to broader economic conditions or market saturation.

The volume of Homes Sold has decreased by 2.8% year-over-year, with 3,572 Homes Sold in January 2025. Pending Sales have also declined by 4.3%, totaling 5,359. However, New Listings have increased by 7.3%, reaching 6,436, which contributes to the overall inventory growth of 20.2%, now at 16,337 homes. This increase in inventory has led to a significant rise in the Months of Supply, now at 4.60 months, a 90.0% increase from the previous year, indicating a shift towards a more balanced market.

The Median Days on Market have increased by 16.0%, now averaging 70 days. This suggests that homes are taking longer to sell, possibly due to the increased inventory and the gap between list and sales prices. The average sale to list ratio has slightly decreased by 0.3%, now at 97.2%, indicating that homes are selling closer to their list prices, albeit slightly below.

The percentage of Homes Sold above list price has decreased by 3.2%, now at 11.3%, reflecting a cooling in competitive bidding. Additionally, Price Drops have increased by 7.7%, with 35.9% of listings experiencing reductions, further highlighting the adjustment in seller expectations. The percentage of homes going off market in two weeks has decreased by 4.4%, now at 21.4%, suggesting a slower pace in the market.

Overall, the Dallas metro area housing market in January 2025 is characterized by a decrease in sales prices and an increase in inventory, leading to longer market times and more price adjustments. While sellers remain optimistic with higher list prices, buyers are exercising caution, resulting in a more balanced market environment.