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.