Dallas-Fort Worth home prices in November dropped 1.42% compared to the previous year. That’s below the national average, which saw home prices jump 1.36%, according to the latest S&P Cotality Case-Shiller Home Price NSA Index.
Of the 20 major metros tracked in the report, only Tampa, Fla., (-3.86%) reported a sharper year-over-year decline.
Year-over-year prices in North Texas have fallen every month since March’s data was released.
The Case-Shiller index is a three-month moving average that compares sales price changes of specific properties over time to provide a more accurate picture of market trends. It measures changes in the total value of all existing single-family housing stock.
D-FW Real Estate News
It does not sample sale prices associated with new construction, condos, apartments, multifamily dwellings or other properties that can’t be identified as single-family, according to the report’s methodology.
More recent data also shows home prices are dropping.
The median price of a D-FW home in December was $375,000, a 6.3% drop from December 2024, according to data from the MetroTex Association of Realtors.
Law firm moves to Uptown development
Brown Fox PLLC, a business law firm, will relocate its Dallas office from Preston Center to The Quad, a mixed-use development near Uptown.
The firm will roughly double its Dallas footprint, taking up 12,000 square feet. The firm’s Frisco office comprises 6,322 square feet.
Cushman & Wakefield’s Charlie Beck represented Brown Fox. Ryan Evanich and Marissa Parkin of Stream Realty led the leasing team for the Quad.
New D-FW health and housing development opens
Developer The NRP Group has opened its first health and housing development in North Texas.
Thrive on Crawford is a 67-unit mixed-income development in Fort Worth. Only seven units are market rate while the remainder are reserved for residents earning 30%, 50% and 60% of the area median income.
The development includes 2,200 square feet of Class‑A commercial space leased to JPS Health Network.
The development is located at 1310 Crawford St. It’s adjacent to a key site in JPS Health Network’s $2.1 billion bond program expansion.
“Thrive on Crawford was designed to go beyond traditional affordable housing — integrating wellness services, quality amenities and convenient access to health care into a single community,” Max Whipple, vice president of development at The NRP Group, said in a statement.
Vizio inks new lease
Consumer electronics company Vizio Services LLC. signed a 33,637 square-foot lease at Dallas’ The Belvedere (14881 Quorum Drive).
John Dickenson and Paul Hernandez of Holt Lunsford represented landlord InPoint Addison Belvedere, LLC. Ross Longo of Longo Commercial Advisors, LLC represented Vizio.
The lease brings the property to 90% occupancy.
Dallas company buys industrial property
Dallas-based Dalfen Industrial recently acquired a 70,635 square-foot industrial property located at 1625 W. Crosby Road in Carrollton.
The multitenant building features four suites currently leased to two tenants, Momentum Technologies and Central Cargo North America. Another suite is leased back to the seller for one year.
The property is 71% occupied.