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DeSoto TX homeowners reviewing pending home sales numbers before listing

DeSoto TX Pending Home Sales Fell 24%: Sellers, Read This

October 20, 2026

Last updated: October 20, 2026

DeSoto TX Pending Home Sales Fell 24%: Sellers, Read This

By Steven J. Thomas, Broker, Refind Realty DFW · Loan Officer, Envision Home Lending LLC, NMLS #689220. Baylor financial planning degree, 20+ years in financial services.

Fewer buyers are signing. DeSoto had 29 pending sales in September 2026, down 23.7% from 38 a year earlier (NTREIS). Closed sales rose to 44 because those contracts were signed in July and August, before the 30-year rate reached 7.40%. If you list now, you compete for fewer buyers than last year's closings suggest.

Most agents will quote you DeSoto's median sold price of $360,000, flat from a year ago, and tell you the market held. That number looks backward. A walk-through prices your house against the contracts being signed now, and in DeSoto those fell.

Why did DeSoto pending sales fall while closed sales rose?

A closing is a contract signed weeks earlier. DeSoto's 44 closed sales in September 2026, up 25.7% from 35, came from summer contracts. The 29 pending sales are September's signings. Freddie Mac's 30-year average stood at 7.40% on October 15, 2026, against 6.27% a year earlier.

DFW as a whole shows the same split. Pending sales across the metro fell 19%, from 6,861 to 5,536, in the NTREIS September 2026 summary report released October 7, 2026. Based on current conditions, DeSoto's October closings are likelier to follow September's pending count than to repeat 44.

How many DeSoto homes compete with yours for each signed contract?

In September 2026, DeSoto had 180 active listings and 29 pending sales, about 6.2 listings for every contract signed. A year earlier it was 165 active listings and 38 pending, about 4.3. That ratio is my arithmetic on NTREIS counts. More sellers per buyer means your price carries more of the weight.

DeSoto, single familySep 2026Sep 2025Change
Pending sales2938-23.7%
Closed sales4435+25.7%
Active listings180165+9.1%
New listings5463-14.3%
Median days on market6878-10 days
Months of supply4.93.9+1.0
Median sold price$360,000$360,0000%
Sold-to-list ratio93.8%93.4%+0.4 pts

Source: NTREIS Monthly MLS Summary Report, September 2026, released October 7, 2026.

New listings fell from 63 to 54, so fewer sellers are coming on. The ones already listed are staying longer. For the full count behind that, read how many DeSoto homes compete with yours.

What does a 7.40% rate do to the payment on a $360,000 DeSoto home?

On the September median of $360,000 with 20% down, principal and interest is about $1,994 a month at 7.40% (7.48% APR). At last year's 6.27% it was about $1,777 (6.34% APR). That is $217 more every month for the same house, and it is the number your buyer is pricing in.

Rates are Freddie Mac Primary Mortgage Market Survey weekly averages for October 15, 2026, from freddiemac.com/pmms, not quoted rates. The loan is $288,000. Payments cover principal and interest only, not taxes, insurance, or HOA dues. APRs assume $1,495 in lender fees, 0 points, and 15 days of prepaid interest, with no mortgage insurance. This is an illustrative example, not a loan offer or a rate lock. Steven J. Thomas, NMLS #689220, Envision Home Lending LLC, Company NMLS #2619789.

How should DeSoto sellers price when fewer contracts are being signed?

Price against what buyers signed in the last 30 days, not what closed last month. In DeSoto that means comparing your house to the 29 pending contracts and the 180 homes still active, then deciding where you sit. A walk-through finds that number. An online estimate cannot.

The median held at $360,000 while the median price per square foot fell 5.3%, from $155.86 to $147.55. My read is that updated homes are the ones closing, and that mix keeps the median flat. A buyer at 93.8% of list is closing about $23,800 under asking on a $360,000 sale. That figure is my arithmetic: it implies a list price near $383,800.

Two checks before you pick a number. Pull the pending sales in your price band and measure how far each contract sat from its list price. Then look at how long the closest active listings have sat against DeSoto's 68-day median. If you want the longer view first, see what DeSoto home values did over two and three years, or read about DeSoto, TX real estate and the DeSoto selling process.

Zillow misleads sellers on exactly this point. It cannot see the 29 contracts. Get your free Home Selling Score and see where your house sits against them.

FAQ: DeSoto pending home sales

Should I wait until spring to list my DeSoto home?

Nobody can promise spring will be better. Today supply is 4.9 months against 3.9 a year ago, and a 7.40% rate adds $217 a month to the median home. Waiting also means carrying your mortgage, taxes, and insurance for each month you hold.

Does a drop in pending sales mean DeSoto prices will fall?

Pending sales show up as fewer closings first. DeSoto's median sold price was flat at $360,000 in September 2026, and the price per square foot fell 5.3%. Price direction over the next several months is not something anyone can promise.

How far below list price do DeSoto homes sell?

DeSoto homes closed at 93.8% of list in September 2026, up from 93.4% a year earlier (NTREIS). On a $360,000 sale that is about $23,800 under asking.

How long does it take to sell a house in DeSoto right now?

The median was 68 days on market in September 2026, down from 78 a year earlier (NTREIS). The full DeSoto time-to-sell breakdown covers listing to closing.

Is DeSoto slower than the rest of DFW?

Slightly. DeSoto had 4.9 months of supply and 68 days on market, against 4.3 months and 62 days for the DFW metro (NTREIS, September 2026). DeSoto pending sales fell 23.7% against 19% for the metro.

Steven J. Thomas · Broker, Refind Realty DFW · TREC Broker License #0657467 · Loan Officer, Envision Home Lending LLC · NMLS #689220 · Company NMLS #2619789. Call or text 972-846-9170. Equal Housing Opportunity. Information About Brokerage Services and the Consumer Protection Notice are available at trec.texas.gov. Market data reflects current conditions and is not a guarantee of price or timeline.

DeSoto TX pending home salesDeSoto TXDeSoto housing marketsell my house DeSotoDeSoto home prices
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Steven J. Thomas

Steven J. Thomas is a dual-licensed real estate broker (#0657467) and loan officer (NMLS #689220) based in DeSoto, Texas, serving the Southwest Dallas–Fort Worth corridor — DeSoto, Cedar Hill, Duncanville, Lancaster, Red Oak, Waxahachie, Midlothian, and Mansfield. As a broker at Refind Realty DFW and a loan officer with Envision Home Lenders, he handles the sale and the financing of a move as one plan, not two separate transactions. A Baylor University financial planning graduate with 20+ years in financial services, Thomas focuses on the full picture — equity, timing, credit, and the next move — not just the house. He helps DFW Homeowners sell their current home and buy or build new construction in the DFW Area.

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Steven J Thomas

Steven J. Thomas

Steven J. Thomas has been in the financial services industry for the past 19 years and started my career as a Financial Planner for American Express Financial Advisors. I entered into banking with JP Morgan Chase as personal banker in 2003 and was promoted several times up to Small Business Specialist. I earned multiple Million Dollar Club awards and was ranked in the top 5 Small Business Specialist before I branched out in 2005 to start my own Financial Management Company. I ran a successful company before family circumstances lead me to Wachovia Bank in 2008 where I worked as a Senior Financial Specialist. As a Sr. Financial Specialist; I was responsible for the P & L and revenue growth of my banking center. The elimination of my role thru a bank merger lead me to BBVA Compass. I have held various leadership roles at BBVA Compass including Personal Relationship Manager, Branch Retail Executive, Workplace Solutions VP, and his current role as a Retail Manager. As the Regional Workplace Solutions VP, I was responsible for the strategic, tactical, and execution of Partnership Banking relationships, promotion and activity with corporate and non-profit companies in my footprint. I was responsible for the acquisition production for three districts, which includes 51 banking centers and over 300 employees. In May of 2014, I joined the team at Refind Realty and became one of the managing partners in mid-2015.

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Frequently Asked Questions

Why do you need a Realtor?

When buying or selling a home, there are so many options…which can also present a lot of obstacles. Laws change, forms change, and practices change all the time in the real estate industry. Because it’s our job to stay on top of those things, hiring a realtor reduces risk, and can also save you a lot of money in the long run.

When you work with me as your Realtor, you’re getting an expert who knows the area; knows how to skillfully guide your experience as a seller or buyer; can easily spot the difference between a good deal and a great deal. My job is to translate your dream into a real estate reality, and I work hard to earn and keep my business. This also means earning your trust: When you work with me, you’ll be working with a realtor who looks out for your best interests and is invested in your goals.

Which loan should you choose?

There are two different types of loans conventional loans and government-backed loans. The main difference is who insures these loans:

1 - Government-backed loans (FHA, VA and USDA):

(a) - Are, unsurprisingly, backed by the government.

(b) - Include FHA loans, VA loans, and USDA loans.

(c) - Make up less than 40 percent of the home loans generated in the U.S. each year.

2 - Conventional loans

(a) - Are not backed by the government.

(b) - Include conforming and non-conforming loans (such as jumbo loans).

(c) - Make up more than 60 percent of the loans generated in the U.S. each year.

What is the difference between FHA, VA and USDA loans?

1 - FHA LOANS:

FHA loans, which are insured by the Federal Housing Administration, are typically designed to meet the needs of first-time homebuyers with low or moderate incomes. FHA loans can be approved with a down payment of as little as 3.5 percent and a credit score as low as 580.

FHA loans are often called “helper loans,” because they give a leg up to potential borrowers who may not be able to secure one otherwise. For this reason, FHA loans have maximum lending limits, which are determined based on housing values for the county where the for-sale home is located.

Because the agency is taking on more risk by insuring FHA loans, the borrower is expected to pay mortgage insurance both at the time of closing and on a monthly basis, and the property must be owner-occupied.

2 - VA LOANS:

VA loans are backed by the Department of Veterans Affairs and they are guaranteed to qualified veterans and active-duty personnel and their spouses. VA loans can be approved with 100 percent financing, meaning VA borrowers are not required to make a down payment.

Unlike FHA loans, borrowers do not have to pay mortgage insurance on VA loans.

3 - USDA LOANS:

You may also hear about USDA loans, which are backed by the United States Department of Agriculture mortgage program. USDA loans are intended to support homeowners who purchase homes in rural and some suburban areas. USDA loans do not require a down payment and may offer lower interest rates; borrowers may have to pay a small mortgage insurance premium in order to offset the lender’s risk.

What’s a conventional loan? Understanding what it means to be conforming and non-conforming

Buyers who have a more established credit history and a larger down payment may prefer to apply for a conventional loan. These loans may offer a lower interest rate and only require the home buyer to purchase monthly mortgage insurance while the loan-to-value ratio is above a certain percentage, so a conventional loan borrower can typically save money in the long run.

Conventional loans are divided into two types: Conforming loans and non-conforming loans.

1 - CONFORMING LOANS:

Conforming loans are those that meet (or conform to) predetermined standards set by Fannie Mae and Freddie Mac — two government-sponsored institutions that buy and sell mortgages on the secondary market. By selling the loans to "Fannie and Freddie," lenders can free up their capital and return to issue more mortgages than if they had to personally back every loan that they approve.

The main standard for conforming loans is that the amount borrowed must be under a certain amount; in Alaska, a single-family home loan must be under $647,200 in order to be considered conforming.

Properties with more than one unit have higher limits.

2 - NON-CONFORMING (JUMBO) LOANS:

But what happens if a borrower wants to borrow more than the Freddie- and Fannie-approved loan amount? In this case, they would have to apply for a “jumbo loan,” which is the most common type of non-conforming loan.

Because the lender cannot resell the jumbo loan (or any non-conforming loan) to Freddie Mac or Fannie Mae, jumbo loans are considered to be riskier than a conforming loan. To protect against this risk, the bank will typically require a higher down payment; the interest rate on a jumbo loan may also be higher than if the same borrower applied for a conforming loan.

What kind of rate should you choose?

Rate types: Fixed-rate vs. adjustable-rate mortgages.

In addition to the loan type you choose, you’ll also have to determine if you want a fixed-rate mortgage or an adjustable-rate mortgage (ARM). A fixed-rate mortgage has an interest rate that does not change for the life of the loan, so it provides predictable monthly payments of principal and interest.

An adjustable-rate mortgage typically offers an initial introductory period with a low-interest rate. Once this period is over, the interest rate adjusts periodically, based on the market index. The initial interest rate on an ARM can sometimes be locked in for different periods, such as one, three, five, seven, or 10 years. Once the introductory period is over, the interest rate typically readjusts annually.

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