June Market Update: North Texas Real Estate

By Tim Lockhart

Tim is a 6th generation Texan, grew up in Arlington TX, and after having served 20 years as an Air Force Civil Engineering officer and managing over $1 Billion in facility construction and renovation projects, he retired in 2013. The experience, work ethic and leadership gained in the Air Force propelled him in only 4 years to build a real estate business ranking in the top 20% of agents worldwide in Keller Williams Realty the #1 Real Estate Company in the World. Tim is a Certified Military Relocation Specialist providing the highest level of service to his clients.

There’s been a meaningful shift in the North Texas housing market, and it’s creating new opportunities for buyers who’ve been waiting on the sidelines. More inventory is hitting the market, competition has cooled, and buyers now have room to negotiate. Whether you’re ready to buy or just weighing your options, here’s what’s happening right now:

Inventory is up, giving buyers more choice. Active single-family listings have increased by 37 percent compared to this time last year. That means more homes to choose from and less pressure to act fast. Instead of rushing to bid over the asking price, buyers now have time to compare homes, schedule inspections, and find a property that fits their needs.

We’ve entered a more balanced market. North Texas currently has 5.4 months of inventory, which experts consider a stable level. This represents a significant shift from the fast-paced market of recent years, where homes often sold within days and bidding wars were common. Today’s pace allows for more thoughtful decisions and better terms for buyers.

Sellers are adjusting to longer timelines. Homes are now spending an average of 60 days on the market, with the entire process from listing to close taking approximately 93 days. This extra time is prompting sellers to offer concessions, such as closing cost assistance, rate buy-downs, and pre-move-in repairs. If you’ve been priced out in the past, this may be your chance to get back in.

Motivated buyers are in a strong position. Closed sales are down about 9 percent from last spring, but homes are still selling. The difference is that today’s buyers are more intentional. If you’re pre-approved and ready to act when the right home becomes available, you’re in a great position. Fewer bidding wars and more motivated sellers mean more room to negotiate.

This isn’t just a minor change because it’s a real shift that could work to your advantage. If you’re thinking about buying or just want to explore your options, feel free to call or text me at (940) 704-7058 or email me at TimothyLockhart@kw.com. I’m here to help you navigate the North Texas market with a smart plan.