The fourth quarter of 2025 marked a continued adjustment in Devonshire’s housing market. Median home prices fell 5.0% year-over-year to $360,995, reflecting affordability pressures and a tighter inventory environment. Builders scaled back activity, with new home sales down 14%, while resale transactions dropped 23.8% as homeowners held firm on listings. Overall inventory contracted 18.2%, and homes sold faster, with median days on market improving from 114 to 91.
Despite softer purchase prices, lease rates climbed 2.6% to $2,673, underscoring strong demand for housing and the community’s economic resilience. The rise in rents suggests that underlying property values remain solid even as pricing adjusts to market conditions.
Mortgage rates eased slightly into year-end, with 30-year fixed loans averaging 6.15%, providing modest relief for buyers. While financing costs remain elevated compared to pre-2022 norms, the combination of lower prices and builder incentives helped sustain absorption.
Devonshire continues to attract residents with its amenities and growth trajectory. Builders are adapting with more attainable floor plans and targeted concessions, while resale sellers who price competitively are seeing quicker closings. The community remains vibrant, balancing affordability with quality of life.
For personalized real estate advice from a Devonshire expert, call Brendan Hirschmann, REALTOR® at 972-559-4648. Brendan can provide insights and guidance to help you navigate current market trends and make informed decisions.