DFW among nation’s top home markets as prices keep moving up
It’s two or three times the traditional price growth in this market, but a bit of a slowdown from recent gains of 10 percent, 11 percent and 12 percent a year. In the latest Case-Shiller Home Price Index – one of the most closely watched housing value measures – Dallas-area price increases were at the slowest pace since mid 2014.
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Study: Dallas will be among the nation’s hottest housing markets in 2018. dallas ranked 10th, with the most job openings among the cities on the list. Austin, Texas’ other ranking city, took sixth in the study. san jose, California, took the top spot, boasting a median home value of $1.1 million – more than double every other city.
Though being number one is good news for Dallas-Fort Worth, Metrostudy’s metrics pointed out that most of the starts were for higher-priced houses 2. Specifically, housing starts in the $200,000 and below range dramatically decreased.
In fact, home prices are going up around the country. Compared to many of the more popular places to live (think California, New York, Colorado), North Texas is still a very affordable option. With our healthy job market and economy overall, it’s actually a great time to invest in DFW real estate.
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The median home price in Tarrant County reached an all-time high in March of $215,000, up from the March 2016 median price of $187,500. The average price of a home was also up, reaching $257,832 in March of this year, according to data from the Real Estate Center at Texas A&M University.
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North Texas has been included on the list of home markets where prices are overheated, according to several studies. Home prices are forecast to rise by almost 5 percent across the country in the coming year. North Texas median home sales prices were 9 percent higher in 2017 than in 2016, according to data from local real estate agents.
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