April 2025 Newsletter

Welcome to the April 2025 edition of our newsletter. Today, we share relevant data points related to market volatility and uncertainty caused by macro economic conditions.

Single-Family Rental Demand in Dallas-Fort Worth

According to an article published by Destination DFW on March 24th, 2025, current rental rates have achieved a 3% year over year increase and according to our source at Green Street, SFR occupancy is currently at 98%. This demonstrates the resiliency of the SFR asset class and the DFW metroplex. It is likely that elevated interest rates and economic uncertainty is causing would be home buyers to rent instead.

Dallas-Fort Worth Population Growth

According to an article published by the Dallas Business Journal on March 28^th, 2025, the Dallas-Fort Worth metroplex added 487 people per day between July 1, 2023 and July 1, 2024. 348 people per day were from migration into the 12 county metroplex. This phenomenon and momentum will help with housing demand as the additional population will require shelter.

Dallas-Fort Worth Housing Market

An article published by the Dallas Business Journal on April 23^rd, 2025 stated that interest rates and uncertainty caused by tariffs and government downsizing is resulting in more buyers remaining on the sidelines. In March, new listings increased 9% year-over-year according to Zillow but newly pending sales were flat compared to last year. Inventory in March is up 19% from last year. According to Redfin, the median home-sale price was down from the same time a year ago in 10 of the 50 most populous US metro areas, especially in Texas and Florida. Homes are currently sitting on the market an average of 47 days and that is the slowest pace since the pandemic. According to Zonda, new home sales are down 11.5% year over year.

Summary

The next few months will provide valuable information regarding the for sale market in Dallas-Fort Worth. Traditionally, May through July produces the highest demand from home buyers and renters. Despite the current potential headwinds, we are still firm believers of the resiliency of DFW's job creation and relative affordability compared to other metroplexes of similar size. Shelter is a necessity of life and the population tends to migrate where there are favorable occupational opportunities.