DFW home prices growing slower than national average

According to Texas A&M University’s Real Estate Center, North Texas home prices were up 4 percent over the year in November but continue to lag nationwide increases.

The Dallas-Fort Worth price gain was slightly below the nation’s 5.2 percent rise in November in the latest Standard & Poor’s/Case-Shiller Home Price Index.

Home prices in North Texas are now growing at about half the rate they were a year or two ago.

However, with the latest increases, DFW home prices are now almost 50 percent higher than they were during the Great Recession.

North Texas home sales slowed significantly in the final months of 2018, and the region was the only major Texas metro area with a drop in total home sales last year. Sales were down 2.4 percent from 2017’s record level.

In the last year, the housing inventory has grown almost 25 percent and the average days on market has risen more than 20 percent.

If you are looking to move to the DFW area, this is a great time to get a home at an afforable price point. This is a great time to buy or sell as we head into the spring, which is the high season for real estate. As always, if you need any assistance with your real estate needs, please call me at 817-343-5531.