HomesUSA.com: Dallas New Home Sales Slip in July as Inventory Jumps
Dallas-Ft. Worth new home sales dipped slightly in July, continuing last month’s decline as Ben Caballero predicted when he said, “Texas 2025 new home sales likely peaked in May.” The latest Texas New Home Sales Report was released today by HomesUSA.com and its founder and CEO, Ben Caballero, the nation’s top-ranked real estate agent.
The HomesUSA.com New Home Sales Report uses Multiple Listing Service data – the most comprehensive, current, and accurate information – from the Realtor Associations of North Texas, Houston, Austin, and San Antonio. All averages are based on three-month rolling averages to capture seasonality and remove anomalies.
Dallas-Ft. Worth new home sales fell slightly in July to 2,141 from 2,153 in June. Meanwhile, active listings, a key indicator of inventory, climbed in Dallas-Ft Worth to 8,852 in July from 8,497 in June, the highest level in more than a year.
“Sales slowed in July as I predicted, but Dallas builders are sitting on the deepest bench of inventory we’ve seen in more than a year,” said Ben Caballero, CEO of HomesUSA.com. “If mortgage rates blink, they’re ready to move the ball downfield – fast.”
“Two facts to consider about the new home inventory. First, it is higher than the reported numbers because builders do not list all their homes in MLS. Second, not all new homes listed in MLS are complete. If you take the total inventory numbers statewide at face value, there’s over five and a half months of new home inventory, which is approaching a concerning level,” added Caballero.
The good news for home buyers: Dallas-Ft. Worth’s average new home price declined by over $6,000 in July to $457,305 versus $463,401 in June.
According to the HomesUSA.com New Home Sales Index….
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