Home sales across Grapevine, Colleyville, and Southlake surged in June, with 221 closings marking a nearly 14% jump from a year ago and the highest monthly total reported in the three-city market so far in 2026.

The data, compiled by the MetroTex Association of Realtors and reported by Community Impact on Thursday, July 17, shows the local market outpacing both state and national trends at a time when high mortgage rates are cooling activity elsewhere.

Local numbers

The 221 homes sold in June 2026 represent a 13.92% increase over the 194 that closed in June 2025. The pace also accelerated from May 2026, when 198 homes sold across the same three cities, a figure that was essentially flat year over year.

Median sale prices in the area were already climbing as of March 2026, the most recent pricing data available from MetroTex. That data covers four ZIP codes serving the three-city market plus adjacent Westlake. Colleyville's 76034 ZIP saw the median jump from $849,500 to $1.05 million, a 23.6% year-over-year gain. Grapevine's 76051 rose from $538,000 to $611,000, up 13.57%. Southlake's 76092 held steady at $1.4 million. The 76262 ZIP covering Westlake and Roanoke climbed from $642,500 to $795,000, a 23.74% increase.

Bucking broader headwinds

The local surge stands out against a softer national picture. The National Association of Realtors reported on Wednesday, July 16, that pending home sales nationwide fell 5.4% month over month in June and 0.3% year over year. In the South, pending sales dropped 4.1% for the month and 0.9% from a year earlier. Pending sales measure contracts signed rather than completed closings, but the directional contrast with the local market is stark.

NAR Chief Economist Lawrence Yun said in that July 16 report that "the highest mortgage rates in nearly a year and the record-high national median home price together are contributing to a tepid housing market that is especially difficult for first-time homebuyers."

Average 30-year fixed mortgage rates hovered near 6.5% to 6.6% in June, the highest level in close to a year.

Statewide, Texas home sales grew just 0.7% in the first quarter of 2026 compared to the same period in 2025, according to Texas Realtors' quarterly housing report released April 22. The statewide median price fell 0.8% to $328,000 in that quarter.

Who's buying

First-time buyers remain scarce. They accounted for just 21% of all Texas homebuyers in 2025, near the all-time low of 20% recorded in 2024, according to the 2026 Texas Homebuyers and Sellers Report from Texas Realtors. Meanwhile, 30% of Texas homes were purchased with all cash in 2025, more than double the 14% share recorded in 2017.

Jennifer Wauhob, chair of Texas Realtors, noted in the April 22 quarterly report that price trends "can look very different depending on the city or even the neighborhood you're standing in."

What's next

With mortgage rates still elevated and local prices holding firm, whether the three-city market can sustain its advantage over the broader region through the rest of summer remains an open question.