Market Trends For Dallas DCAD Residential Property

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Key Trends in Dallas DCAD Residential Property Market 

Analyzing interest rates, housing inventory, and sales patterns, as assessed by the Dallas Central Appraisal District reveals significant trends in the residential property market of Dallas County. These trends help homeowners stay informed about market dynamics and guide them in making well-informed decisions. 

Impact of New Construction Trends on Dallas County Property

  • In 2024, Dallas County has experienced significant new construction activity, with both residential and commercial properties seeing substantial investments, which influence property values and market dynamics.
  • The total new construction value for residential properties in Dallas County is $3.28 billion, signaling strong demand and continued growth in the housing sector.
  • As construction costs rise, the total new construction costs for residential and commercial properties have increased to $3.60 billion, reflecting rising development expenses.
  • Despite rising costs, the continued expansion of new construction projects underscores Dallas County’s robust real estate market and its resilience in attracting new developments.
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Housing Inventory Trends in Dallas County

  • The housing inventory in Dallas County increased from 2.9 months of supply in October 2023 to 4.1 months in October 2024, according to data from the Federal Reserve Economic Data (FRED).
  • This rise in inventory compared to 2023 points to a notable improvement in housing availability, offering more options for prospective buyers.
  • New listings in Dallas County showed a 25% increase in October 2024, further contributing to the growing housing supply.

The availability of homes in Dallas County has shifted significantly over the past year, impacting housing prices and market stability, as reflected in the Dallas Central Appraisal District and other local market data. 

Dallas DCAD Single Family Home Market Overview 

  • Single-family home construction has seen a strong recovery, with residential new construction valued at $6.4 billion in 2024, signaling a robust increase in housing development.
  • Residential property values have risen significantly, contributing to the overall $568.9 billion market value in Dallas County for 2024, reflecting an 11.18% increase from the previous year.
  • Since 2020, housing starts have accelerated, and the market value of single-family homes has increased at an even faster pace, further strengthening the Dallas County property market.

The Dallas County property records show that the housing market has experienced significant shifts in single-family home construction and property values in recent years.

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