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allas-Fort Worth home prices remained stagnant year over year, with a 0.19% increase in March compared to the same period last year. This growth rate is significantly lower than the national average of 3.4%, according to the S&P CoreLogic Case-Shiller Home Price NSA Index. Among the 20 major metros tracked in the report, Dallas reported the slowest positive price growth.

    "It's a buyer's market," said Sriram Villupuram, a real estate and finance professor at the University of Texas at Arlington. "Buyers aren't biting due to concerns over interest rates." New York (8%), Chicago (6.5%), and Cleveland (5.9%) saw the largest price growth.

    U.S. home prices rose 0.8% in March, matching pre-pandemic averages. However, Dallas posted below-average growth, with prices increasing only 0.52% month-over-month. The slowdown reflects rising insurance costs and a shift in demand northward as the South's affordability advantage narrows.

    The median price of a home sold in the D-FW area in April was $400,000, down 1.2% from the prior year. Inventory continues to rise, with over 32,800 active listings in the region, up 39.5% from last April. Concerns about tariffs and economic uncertainty continue to send mortgage rates rising, with the average 30-year mortgage rate reaching 6.86% as of May 22.

    Experts predict that home prices will remain flat until interest rates decrease substantially. "Home prices haven't moved enough to offset the interest rates," said Villupuram.