According to the Dallas Morning News – Area home prices are on the rise, but rose only 6 percent in first quarter 2018, the smallest year-over-year price gain in nearly four years, said the National Association of Realtors (NAR).
Still, North Texas home prices climbed to a near record-high of $250,700, up from $245,500.
Austin had the highest average prices in Texas at $296,400, a 4.5 percent increase. San Antonio posted the largest increase in the state with prices growing 8 percent to $218,900. Houston home prices jumped 3.4 percent to $229,800.
Nationwide median home prices grew 5.7 percent year over year in first quarter 2018. Home prices rose in more than 90 percent of the 178 metros NAR surveyed. Around 30 percent of the home markets had a double-digit percentage price jumps.
If you find yourself on the fence about whether you want to sell or not or are wondering what your home’s market value might be, call Moira today, or head over to www.fabuloushomesincolleyville.com and fill out a free home valuation to see what your home is worth.