What’s Happening in the Dallas & North Dallas Real Estate Market?

According to the Texas Real Estate Research Center at Texas A&M University, the Dallas-Fort Worth area continues to see strong demand, even as interest rates have fluctuated. Inventory remains tight in high-demand neighborhoods like Plano, Frisco, and McKinney, making competition steady—especially for well-priced homes in desirable school districts.

Recent data from Realtor.com shows that home prices in Dallas have stabilized, but are trending slightly upward as buyer confidence returns and mortgage rates slowly ease. This means that waiting may cost you more in the long run.

Why Buying Now Might Be Smarter Than Waiting

1. Mortgage Rates Are Still Favorable
   While rates aren’t as low as they were during the pandemic, they’re still historically attractive. And many experts, like those at Bankrate, forecast that rates could rise again later this year if inflation persists. Locking in a rate now could save you thousands over the life of your loan.
2. Home Prices Are Expected to Rise
   With Dallas ranking as one of the fastest-growing metros in the U.S. (U.S. Census Bureau), demand isn’t going anywhere. As more companies relocate to the area, housing demand will continue to outpace supply.
3. Inventory Is Slowly Rebuilding
   New construction is finally starting to catch up. Areas like North Dallas, Prosper, and Celina are seeing new communities being developed, offering more options and price points. However, early buyers tend to get the best deals before demand surges again.

When Waiting Could Work (But Rarely Does)

If you’re in a temporary financial bind or planning a move out of state in the near future, waiting may make sense. However, for most buyers—especially those looking to build equity or secure a stable monthly payment—waiting often leads to regret. Not only could you face higher prices, but also increased competition when more buyers re-enter the market.