Wildflowers are blooming, trees are budding, and rising inventory has shifted the Texas housing market to favor buyers.

More Homes, More Choices

That’s what Texas homebuyers can look forward to this spring.

According to the Federal Reserve Bank of St. Louis, active listings in February 2025 rose to levels Texas hasn’t seen in that month in ten years. Redfin reports a 16% year-over-year increase in Texas homes for sale from February 2024 to February 2025.

That rise in available homes shifts price advantage toward buyers. Redfin data shows that in the Texas market, just 11.5% of homes sold above list price in February 2025. That’s down 1.1% from the year prior. During that period, sellers in Texas cut their asking price for 28.2% of homes, up 2.2% from last year.

Homes are staying on the market longer. In February 2024, homes in Texas were available for an average of 63 days. That rose to 75 days in February 2025.

Home Costs Are Down

They aren’t plummeting. However, home values across Texas have decreased for the second consecutive year.

According to Zillow, at the end of 2024, the value of a typical home in Texas decreased by 0.08% from the year prior. In the Dallas market, the one-year price decrease was -0.3%. While these downward shifts are slight, they still favor buyers compared to the nationwide increase in home value of 2.63% from December 2023 to December 2024.

Is now a good time to buy a house?

Redfin’s chief economist, Daryl Fairweather, thinks now is a very good time to buy a house. He says, “Now is the best time to buy in the last two years…There is significantly more inventory, which means buyers have the upper hand. In that sense, it’s a buyer’s market, meaning buyers should be able to negotiate lower prices and better terms. That’s especially true in markets with the steepest inventory increases, like in Texas and Florida.”

More Homes Are on the Way

New home inventory is growing by big numbers; the Dallas-Fort Worth area leads the nation in residential construction permits. At the close of 2024, DFW’s value of new residential construction hit a whopping $17.86 billion. And counting.

This spring may be the perfect time for your dream of owning a new home to bloom! We’re here to help make that happen. Call a member of the Decker Group at (972) 591-3097 or connect with us online.