Dallas-Fort Worth housing market cools

Dallas-Fort Worth's housing market is cooling faster than the national average, according to a Redfin analysis.

Why it matters: With fewer people competing, homebuyers might find it easier to avoid paying more than the asking price.

The big picture: Florida and Texas may be hotter than ever, but their housing markets are cooling quicker than most other regions, Redfin says.

State of play: New home construction , unaffordable home insurance and intense natural disaster threats contribute to increased supply and lower demand.

• Homes aren't moving off the market as quickly as they were, and a growing share of sellers are bringing their asking prices down — all signs these markets are cooling down.

Zoom in: Between April 2019 and April 2024, North Texas saw a 5.6% decrease in the share of homes sold within two weeks. Nationally, the drop was 3.9%.

Meanwhile: Supply issues continue to put pressure on home prices across the U.S., despite mortgage rates dampening demand.