If you’ve been following real estate headlines, you’ve probably heard it: Dallas is shifting into a buyer’s market. More homes are hitting the market, prices are softening, and sellers are starting to negotiate again. On paper, that sounds like great news for anyone looking to purchase a home in DFW.
But here’s the catch—it’s not as simple as it sounds.
Inventory Is Up, But So Are Challenges
Dallas–Fort Worth has seen inventory climb to levels we haven’t witnessed in over a decade. In fact, two-thirds of homes are now selling below list price. Yet, despite these statistics, buyers are finding that the process isn’t a walk in the park.
One local buyer shared that it took them nearly a year to find the right home. Even with a $700,000 budget, they ended up paying slightly over asking and accepting a seller-financed interest rate above 6%. Their story shows that while more homes are available, competition and financing hurdles remain very real.
Why the Disconnect?
- Higher Interest Rates: Even with lower prices, monthly payments can feel just as heavy thanks to current mortgage rates.
- Location Matters: Desirable neighborhoods are still seeing multiple offers.
- Sellers Holding On: Many sellers who bought or refinanced at ultra-low rates are hesitant to sell unless they have to—limiting the truly “move-in ready” options.
- Shift in Negotiation: Yes, buyers have more room to negotiate repairs and concessions, but it takes patience and strategy to secure the right deal.
What Buyers Should Do Now
If you’re looking to buy in Dallas right now, here are some smart steps:
- Get Pre-Approved Early: Know exactly what you can afford before house-hunting.
- Be Flexible: Widen your search radius—suburbs like McKinney, Forney, and Cedar Hill may offer better value.
- Think Long-Term: Don’t just chase the “deal.” Focus on a property that meets your needs and will grow in value over time.
- Lean on Your Agent: A skilled local agent can help you cut through the noise and identify homes worth pursuing.
The Bottom Line
Yes, Dallas is technically moving toward a buyer’s market—but that doesn’t mean it’s easy. The reality is nuanced: more options, but also more strategy needed. If you’re planning to make a move, preparation and guidance are key.
