Dallas Area Residential Sales Report – North Dallas Neighborhood Preston Hollow

The single-family real estate market in Preston Hollow, Dallas, TX, during June 2025, showed a mix of contrasting trends. While some indicators pointed to a cooling market, others suggested continued strength, particularly at the higher end.

Key Market Conditions:

Median Sale Price: There was a significant decline in the median sale price compared to the previous year. Data indicates a year-over-year decrease of approximately 31.8%, with the median price for all home types settling at around $1.4 million. However, it’s worth noting that median listing prices in certain sub-markets, like Preston Hollow North, were up significantly, suggesting a disparity between what sellers are asking and what buyers are willing to pay.
Number of Homes Sold: Despite the drop in median prices, the volume of sales increased. The number of homes sold in June 2025 was up over 30% compared to the same period last year. This indicates that transactions were still happening at a healthy pace, even with the price adjustments.
Days on Market: Homes were taking longer to sell. The median days on the market increased to 42 days, up from 32 days a year prior. This points to a less frenzied market compared to the previous year and gives buyers more time to make a decision.
Sale-to-List Price Ratio: The average home in Preston Hollow sold for approximately 3% below its list price, a decrease from the previous year. This further supports the idea that the market has shifted in favor of buyers, who are now more able to negotiate on price.
Inventory: The number of homes for sale saw a notable increase. This expansion in inventory, along with the longer days on market, indicates a “buyer’s market,” where the supply of homes is greater than the demand.
Luxury and High-End Segments: Within the broader Preston Hollow area, different sub-markets showed varying trends. For instance, the Preston Hollow East neighborhood had a median listing price of $4 million, trending up, while the overall market experienced a decline in the median sale price. This suggests that the ultra-luxury segment of the market may be performing differently than the rest of the neighborhood.

The single-family real estate market in Preston Hollow during June 2025 was a classic example of a market in transition. While the overall median sale price saw a significant decline, indicating a cooling from previous highs, the increase in sales volume suggests a healthy level of activity. The extended days on market and the decrease in the sale-to-list price ratio point to a market that is more favorable to buyers, who now have more options and greater negotiation power. This period appears to be a buyer’s market, but one with strong underlying demand and a clear distinction in performance between the general and high-end luxury segments.