DFW Real Estate Updates 11.14.2026
October's Dallas - Fort Worth single family homes for sale are below last year's levels.
- In Dallas County, there were 8,387 homes for sale in October versus
8,877 homes in 2025. As of November 11, the median original sales
price was $295,900 with a median closed price of $245,000, a 17% discount. - Available Homes in Tarrant County declined to 8,905 homes from 9,261 homes in 2025, with an asking price of $304K and a closed price of $281K, a 7.5% reduction.
- 10,938 homes were available for sale in Collin County versus 11,319 homes last year. The average median asking price was $349K with a closed price of $307,440, a 12% discount.
- Denton County homes for sale declined slightly in October 2026 with 8,875 homes for sale compared to 8,984 homes a year ago. The average sold price garnered just a 6.5% reduction at $319,900, while the original asking price was $342,000.
Nvidia's CEO Steps Down
As data centers and AI have been a big driver of growth in the US Economy, and Texas, the big news this week is the sudden downfall and resignation of Nvidia CEO Jensen Huang. Nvidia GPUs have been THE supplier of of AI compute and data centers, so it will be interesting to see what effect this event may have on the AI/Data Center ecosystem. The bigger issue for Mr. Huang may be proving he didn’t illegally supply Beijing with his highly sought after advanced computer chips.
Mortgage Rates Rise
November 12, 2026 – According to the Mortgage News Daily survey, average mortgage rates were slightly, as the 10-year Treasury has been up and down over the last few days, and sits at 5.11% midday.
| Rate | Change | |
|---|---|---|
| 30 Yr. Fixed | 7.42% | +0.12% |
| 15 Yr. Fixed | 7.00% | +0.08% |
| 30 Yr. Jumbo | 7.46% | +0.06% |
| 7/6 SOFR ARM | 7.05% | +0.25% |
| 30 Yr. FHA | 7.00% | +0.11% |
| 30 Yr. VA | 7.01% | +0.11% |
Farm & Ranch, Land Sales
Farm and ranch sales slightly improved over 2025 levels. There was renewed showings of ranch land in the beginning of the year, but it tailed off dramatically after the Iran war started when fuel prices and mortgage rates rose. The following statistics are from the NTREIS MLS system, so keep in mind there are many farm and ranch listings that are not marketed on the MLS, so this isn’t a complete data set but should provide a good idea of the general sales velocity. The results are from a 120 mile radius search, with a starting point centered between Fort Worth and Dallas.
- 25 to 50 Acres 2025 Sales – 369 versus 2026 Sales – 394
- 50 to 100 Acres 2025 Sales – 316 versus 2026 Sales – 310
- 100 to 200 Acres 2025 Sales – 123 versus 2026 Sales – 169
- 200 to 350 Acres 2025 Sales – 46 versus 2026 Sales – 59
- 350 to 600 Acres 2025 Sales – 28 versus 2026 Sales – 25
- 600 to 1000 Acres 2025 Sales – 7 versus 2026 Sales – 11
- 1000+ Acres 2025 Sales – 3 versus 2026 Sales – 4
What's Ahead for Real Estate?
By Troy Corman, Founder of t2 Real Estate
It’s hard to predict where the real estate market may be headed. Industrial real estate and the Data Center buildout have been the major growth drivers of real estate investment and development activity in 2026. Residential real estate, including the development of homes and apartments, has slowed, with some large home builders starting layoffs. On the flip side, office leasing has improved in Dallas, with record-breaking asking prices in Uptown, while San Francisco and New York are now leaders in office lease absorption.
While construction prices have stabilized for the most part, land prices have remained sticky. The combination of steep land prices and declining home prices have made it particularly tough for the inner city condo and townhome developers. Builders just cannot buy land in the inner city at current asking prices and make a profit when constructing new attached residential units, unless they’re in a high-end neighborhood.
The interest rates have made it more difficult for buyers of just about every real estate sector. As interest rates and mortgage rates rise, there’s generally an inverse effect on real estate prices, which normally decline during those periods. On the residential side, desirable neighborhoods will still remain in demand and will perform better than so-so or less desirable areas. Location is everything and it becomes more pronounced in a slower real estate market.
Many economic pundits are predicting doom for the economy in 2027, which could actually lead to lower interest rates and mortgage rates. If we get a recession, look for interest rates to fall. Others think the economy is improving, but it appears to be a mixed bag. Some think that the AI and Data Center buildout will slow because it may be in a bubble, while others think there’s an insatiable demand for compute, and it will continue with robust growth. Personally, I think we could see both home prices and mortgage rates decline sometime in 2027, which could help increase transactions and make real estate more affordable for more buyers.
If you’re looking to sell sometime soon, I think you need to get ready and aim for being on the market at the beginning of the year, as prices may continue to fall through 2027. If you’re looking to buy, you might want to be patient, but also be ready in case mortage rates do fall a half-point or more, as that’s likely to bring out a flurry of buyers. We are now in year 4 of record low transaction volume with about 4.75 millon residential units sold annually, which is well below the 6.89 million sold in 2021. After 4 years of sluggishness, you would think there has to be pent-up demand building for first time buyers that would like to own their own home. The real estate market has to shake loose at some point, but time will tell.
Let me know if I can help.
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