Market snapshot
Is it a buyer's or seller's market in my neighborhood?
Get a free, up-to-date snapshot of sold prices, days on market, inventory and list-to-sale ratios for any DFW city, ZIP or subdivision, delivered monthly.
What's in your market snapshot?
What's the market like in Sachse, Wylie and Murphy?
It shifts month to month, and it can differ a lot between price bands in the same city. A $350K home in Garland and a $750K home in Murphy can be in completely different markets at the same moment. Tera tracks Sachse, Wylie, Murphy, Lucas, Richardson, Plano, Rowlett and Dallas closely. Request a snapshot for your area below, or watch her latest East Collin County breakdown.
Frequently asked questions
Is Dallas a buyer's or seller's market right now?
It depends on your price range and location. A general rule: under about 4 months of inventory favors sellers, around 4–6 is balanced, and above 6 favors buyers. Request a snapshot to see the current numbers for your specific area.
What does "months of inventory" mean?
It's how long it would take to sell every home currently for sale at the recent pace of sales, if no new listings came on. Fewer months means more competition among buyers; more months means buyers have more choices and negotiating power.
What is a sale-to-list price ratio?
It's the final sale price divided by the list price. A ratio near 100% means homes are selling close to asking; a lower ratio means buyers are negotiating more off the price. Watching it by price band tells you how much room there really is.
How often are market snapshots updated?
Snapshots are sent monthly, so you can watch your neighborhood's trends over time instead of relying on headlines about the whole metro.
Are home prices dropping in Dallas–Fort Worth?
Price trends differ city to city and by price point. Some areas see price cuts while others stay competitive. Your snapshot shows recent sold prices and price-reduction trends for the exact area you care about.