Dallas, TX Housing Market hits 26,000 active listings at end of 2024 – a record going back 7 years

Housing inventory in the Dallas-Fort Worth Housing Market hit a 7-year in high in active listings in October 2024 according to data from Realtor.com which can be found on Reventure App. Across the DFW metro there were nearly 26,000 active listings in October 2024, which represented a nearly 25% increase from the previous year and is now back above pre-pandemic levels of supply. You can see the housing market inventory graph for Dallas, taken from Reventure App, below:

The fact that the number of homes for sale in Dallas-Fort Worth just hit the highest level in 7+ years is significant for homebuyers and real estate investors, as it signals a shift in the local market. There are now more sellers than buyers, making Dallas increasingly look like a buyer’s market. The Reventure App Home Price Forecast score currently ranks Dallas as a 40 / 100, indicating downward price pressure in the local market. For comparison – a score of 50 indicates a balanced market where prices are likely to stay stable or increase slightly.

You can see that housing inventory across Dallas has spiked in many different locations, with the largest surges in supply occurring in the outlying counties around Dallas. The biggest supply surges are occurring in counties like Hunt, Kaufman, Ellis, Johnson, and Wise – where inventory levels are now 50% higher than their long-term averages. Such a big surge in supply suggests there could be “reverse migration” occurring out of these counties, many of which boomed during the pandemic.

Inventory is also up in the central Dallas Counties, as well as Collin, Denton, and Tarrant, with current supply up 25-40% from long-term norms in these areas. This data is available on Reventure App under the data point Inventory Surplus/Deficit. This metric compares the current inventory levels to the long-term average for that month going back 7 years. The higher current inventory levels are compared to the long-term norms, the more oversupplied the market looks.

These higher levels of supply do make it seems likely that the Dallas Housing Market could enter a correction to close out 2024 and into early 2025. However, we’ll have to see how the data trends throughout the end of the year. Other metrics that a homebuyer or realtor should make sure to evaluate include Price Cut % and Days on the Market. You can also access these data points a the ZIP-code levels for your local area on Reventure App.

Access Housing Market data for Dallas and the rest of Texas on Reventure App.