Roughly 87% of D-FW homes lost estimated value and other real estate news

Roughly 87% of homes in the Dallas metro have seen their estimated value drop in the past year, according to a new study from Zillow.

The decline was measured from October 2024 to October 2025. Zillow examined the value changes in their Zestimate — the firm’s estimate of a home’s market value.

The formula takes into account public, MLS and user-submitted data. The nationwide median error rate for a Zestimate is 1.83%, according to Zillow.

Estimated home values fell for 53% of all homes in the United States. Loss of estimated values were most widespread in the West and South, Zillow reported.

D-FW Real Estate News

It’s important to note that most homes were purchased well before estimated values peaked. Therefore, a majority of homeowners are still sitting on sizable gains.

The median U.S. home was last purchased 8.6 years ago and has experienced a 67.2% increase in value since that sale, according to Zillow records.

In Dallas, most home values have risen by more than 50% since their last sale.

“Dallas has seen existing inventory fully recover from pandemic-era shortfalls,” said Treh Manhertz, senior economic researcher at Zillow. “Now there are almost 13% more existing homes for sale there than we saw in 2018-2019. New construction played a big role in unsticking the market there. It’s easier to build in Dallas than most major metros, and this injection of supply gave buyers options.”

Manhertz also said that lower competition softened prices in Dallas faster than the national average, but this is a normalization in the market following big price jumps from 2020 to 2022.

“Affordability is improving quickly,” he said. “Mortgage payments are down nearly 6% from last year, and buyers have more leverage in negotiations than in past years.”

Downtown site on market for $8.5M

A .67-acre site in downtown Dallas is for sale. The asking price is nearly $8.5 million.

The site at 1823 Cadiz St. is roughly half a mile from the Kay Bailey Hutchison Convention Center, which is undergoing a multi-billion-dollar renovation. The listing touts the site as ideal for multifamily, hotel, office, retail or mixed-use development.

The lot is 29,000 feet. The Dallas Central Appraisal District values the property at just over $1.8 million for tax purposes. Those values often trail market value.

The property is owned by Dallas-based real estate investment and development firm Wildcat Management.

Highland Homes to start sales in massive Denton development

Plano-based Highland Homes will soon start new home sales in Landmark, a massive Denton mixed-use development from developer Hillwood.

Highland’s homes will be on 50-foot lots ranging from 2,200 to 3,600 square feet. Homes are priced from the high $500,000s. A model home is under construction and is expected to open in February 2026.

“We’re excited about Landmark,” said Highland Homes vice president of sales Jason Walker. “Our collaboration with Hillwood spans 25 years, so we know this community will bring robust amenities and a deep connectivity to community — a Hillwood community trademark.”

Roadwork marks start of 1,800-acre project

Republic Property Group has begun development on Wildwood, a master-planned community in McKinney.

The initial phase of construction includes a 3.8-mile extension of Laud Howell Parkway. The roadway will connect much of McKinney north of U.S. Route 380.

The Laud Howell Parkway extension is expected to be completed in late 2027. Additional details regarding the scope of the project will be released in the near future.

The 1,800-acre mixed-use development will include residential, commercial and office uses. The project represents the last major land area available for development within McKinney, the developers said in a news release.

New $85 million mixed-use development coming to former Valley View mall