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    Coronavirus impact

    Dallas-Fort Worth home listings dip thanks to COVID-19

    Lindsey Wilson
    Apr 14, 2020 | 12:17 pm
    House for sale sign
    New home listings in DFW are down because of coronavirus.
    Photo by fstop123/Getty Images

    We're coming up on the best time to list your Dallas house, but thanks to COVID-19, the real estate landscape looks pretty different this year. Zillow reports that 3-D home tours are up 408 percent from February, and newly listed homes nationwide were down 27.1 percent from a year ago in the first week of April.

    But it's not quite as bad in Dallas-Fort Worth. While the rest of the U.S. is seeing a 19 percent drop in new listings since March 1, 2020, DFW only decreased 18 percent.

    Active listings here are down 1.1 percent since the same period. Total U.S. inventory, meanwhile, has only grown by 2.5 percent since March 1, which likely correlates to homes sitting on the market for longer.

    "It is clear that many would-be home sellers are adopting a wait-and-see approach as uncertainty continues to rule," says Skylar Olsen, senior principal economist at Zillow. "Our understanding of U.S. economic conditions is changing weekly, if not daily, and early unemployment figures are striking, so it's understandable that some are hesitant to put their home on the market.

    "It is possible that this year's busy home shopping season is pushed into winter as some opt to hang back, but activity continues from those who need to buy or sell for a job move or another major life event. What's not likely is that the bulk of potential home sellers and buyers simply throw up their hands and pull back from the market entirely."

    By March 1, 2020, new listings in DFW were up 25.2 percent from the same time a year ago. Fast-forward just a month, and that number was down 17.2 percent. The outlook in DFW is definitely brighter than what's happening nationwide: nationwide listings were up 17.3 percent on March 1 and down a significant 27.1 percent by April 5.

    Elsewhere in Texas, Houston has seen a 1.9 percent increase in new listings from March to April of this year, but listings are down 8.7 percent from April 2019.

    San Antonio is an outlier, remaining neutral at zero percent change in new listings from March 1-April 5, 2020, and only down 11.8 percent from April 2019.

    But Austin is truly bucking the trend, with new listings up 12.8 percent in the past month, for a year-over-year increase of 13.5 percent.

    The greatest slowdowns in new listings since March 1 were seen in Detroit (down 61.8 percent), Pittsburgh (down 55.5 percent), and New York (down 49.1 percent). But new listings were actually up or flat in 12 of the 35 largest U.S. metros, led by Phoenix (up 18.3 percent), Atlanta (up 15.6 percent), Sacramento (up 13.7 percent), and Minneapolis-St. Paul (up 13.7 percent).

    home-for-salereportszillow
    news/real-estate

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    Moving north

    $1.5 billion development with working farm takes root in booming Anna

    John Egan
    Mar 27, 2026 | 10:30 am
    Anna, Texas
    Facebook/Anna
    Anna is a fast-growing city north of Dallas.

    The fast-growing Dallas-Fort Worth suburb of Anna, once a small farming community, is poised for even more population growth with the addition of a $1.5 billion master-planned community.

    Real estate investment firm Tellus Group broke ground Wednesday, March 25, on the more than 970-acre project, called Sherley Farms. Tellus is marketing the development, located in Collin County, as a wellness-focused, master-planned community with about 3,000 homes and an actively managed organic farm.

    First-phase homebuilders are Bloomfield Homes, DRB Homes, Drees Custom Homes, Highland Homes, Homebound, Olivia Clarke Homes, and Perry Homes. The initial model homes will be finished in the spring of 2027.

    The Sherley Farms site is five minutes from U.S. Highway 75 and near downtown Anna, which ranked fifth among U.S. cities for population growth from 2023 to 2024. As of July 1, 2024, Anna’s population stood at 31,986, up 14.6 percent from the same date in 2023 and up 183 percent from 2016. Anna’s population is projected to hit 100,000 by 2050.

    One standout aspect of the project will be a 65-acre organic farm that supplies fresh produce. Tellus says the “working” farm will serve as an “agricultural anchor and gathering place.”

    “Sherley Farms reflects our belief that the future of community development is rooted in wellness, connection, and a deep respect for the land,” says Craig Martin, founding partner and CEO of Tellus Group.

    Sherley Farms Facebook/Sherley Farms

    Anna started as a farming community in 1883. But in recent years, it has transformed into a rapidly growing suburb with more than 7,700 households as of 2024.

    Aside from homes, the first phase of Sherley Farms will include an amenity center with a resort-style pool and a portion of the planned green space.

    “Sherley Farms is a meaningful investment in Anna’s future, expanding our tax base, attracting new residents, and driving long-term economic growth,” says Kevin Toten, Anna’s mayor pro tem. “This project will generate new economic activity, support local businesses, and strengthen Anna’s position as a destination for high-quality development in North Texas.”

    In addition to Sherley Farms, Tellus is developing the Mosaic master-planned community in Celina, the Mirabella gated community in Prosper, and the Meraki master-planned community in Forney. Tellus was the principal developer of the $3 billion Windsong Ranch master-planned community in Prosper.

    dallas suburbsannamaster-planned communitydevelopment
    news/real-estate
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