Top Large Teams in Dallas, Texas – Ranked by Sides

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2022 Market Summary

Dallas, Texas started 2022 with a total of 649 single-family homes on the market, with a median home price of $449,900 and an average price per square foot of $286. By the end of the year, inventory had increased to 1,249 homes on the market (+92%), with a median home price of $450,000 (+0%) and an average price per square foot of $286 (+0%).

At the start of 2022, the median days on market (DOM) was 49 days – by the end of the year, median DOM had increased to 63 days.

Dallas started the year with 33% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 48% of Dallas homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Dallas started 2022 as a strong seller’s market, with an MAI score of 54; by the end of the year, the MAI had dropped to 41 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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