housing in dfw

Average new home prices in DFW grew during January sales slump

New home sales fell across Dallas-Fort Worth in January, the report said.

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A new statewide real estate report has shown a slow decline in new home sales across Texas, including in Dallas-Fort Worth.

The latest New Home Sales Index by HomesUSA.com discovered that Dallas-Fort Worth saw the second-most new homes sold in January out of the four biggest metros in Texas, despite being in an overall sales slump compared to December 2024. The three-month moving average of new home sales in DFW was 1,847 last month, versus 1,990 sales in December.

Housing prices also rose in January, with the average new home in DFW increasing to $496,498. That's about $2,600 more than the average price in December, which came out to $493,899.

While these declines may seem atypical, a sales slump is actually normal during the winter season, according to HomesUSA founder and CEO Ben Caballero.

Active new home listings in DFW flattened from December to January, with 8,287 active listings on the market last month.

New home sales in January throughout Texas
The report found new home sales dropped not only in Dallas-Fort Worth, but also in Austin, Houston, and San Antonio.

Houston's three-month moving average of new home sales was the highest out of all four metros with 2,046 sales made in January, but that figure technically decreased by 138 homes from December.

San Antonio saw 67 fewer homes sold from December to January, totaling 1,008 sales last month.

Austin the fewest new homes sold last month out of the four major Texas metros: At 809 homes sold.

"January sales are often lower than December in Austin as builders push hard to close the year with as many sales as possible, as I mentioned in last month’s report," Caballero said. "Austin builders were offering discounts, buyer incentives, and Realtor bonuses for December closings. A slower January is not unusual for that reason."

January housing prices fell in Houston to an average $395,515, and San Antonio's average new home price fell to $337,414. Austin had the second-highest average housing prices out of the four Texas metros last month, despite that number falling by $11,658 to $483,056.

New Home Sales Index for January 2025 by HomesUSA.com Average prices for new homes fell in Austin, San Antonio, and Houston, but increased in Dallas-Fort Worth.Courtesy of HomesUSA.com

Grant News

McKinney awards grants to 8 projects that will benefit the community

Collin County History Museum

The McKinney Community Development Corporation (MCDC) has awarded project grants to support quality-of-life projects that will benefit the community.

Following the submission of the grant applications, MCDC board members reviewed the funding requests and heard presentations from each applicant describing the impact of their proposed programs on the local community.

Among the nearly $37,000,000 in Project Grants awarded by MCDC are:

All-terrain vehicle and trailer for trail improvement projects – McKinney Parks Foundation, $20,000
Construction of 10 townhomes at the Cotton Groves development – Habitat for Humanity Collin County, $411,455
Construction of the eastside airport infrastructure and passenger terminal – McKinney National Airport, $30 million
Shelving, storage, and equipment to preserve and display historical artifacts – Collin County History Museum, $31,475
Infrastructure and site improvements at TPC Craig Ranch (this project is associated with The CJ Cup Byron Nelson) – Invited Clubs, $1.5 million, contingent upon extension of the CJ Cup through 2033
Infrastructure for the development of a new Hugs Café headquarters facility – Hugs Café, $970,000
Infrastructure improvements to the site of the Cannon Beach Surf Park project – Cannon Development Company, $4 million
Site improvements and foundation work to stabilize the historic Dulaney Cottage – Chestnut Square Heritage Village, $25,481

“These projects align directly with MCDC strategic priorities and our mission to work as a partner to fund community, cultural, and economic development projects in McKinney,” said MCDC Board Chair Angela Richardson-Woods. “Our vision to enhance the quality of life for residents of all ages and backgrounds is evident in these awarded grants.”

According to MCDC president Cindy Schneible, MCDC awards grants every year to projects that are eligible for consideration under state law. The total budgeted for grants on an annual basis averages about $18 million.

"The $37 million is a larger amount than in recent years – primarily because of the $30 million approved in support of McKinney National Airport," Schneible says.

In 1996, McKinney voters approved a half-cent sales tax to be used to provide grants to projects and events that would enhance McKinney’s aesthetic, cultural and leisure amenities. Over the past 25 years, MCDC has invested nearly $225 million back into the community.

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