DFW Home Prices Rise 101 Percent In First Quarter According To Realtors

DFW Home Prices Rise 101 Percent In First Quarter According To REALTORS®

Dated: 06/23/2015

Views: 375


Dallas-Fort Worth home prices increased by 10.1 percent in the first quarter, according to the National Association of Realtors year-over-year price comparison.

The D-FW area’s price increase was tied with San Francisco and one of about 50 U.S. markets that saw double-digit home price gains from first quarter 2014, according to the real estate trade group.

D-FW median home prices are now $192,500, compared with $205,200 nationwide, the Realtors’ report said.

The largest price increase in the country was in the Sherman-Denison area just north of Dallas. Median home prices in this Grayson County metro area were up 33.4 percent in the first quarter compared with the same period last year.

Nationwide prices rose 7.4 percent in the first quarter, according to the Realtors.

“Sales activity to start the year was notably higher than a year ago, as steady hiring and low interest rates encouraged more buyers to enter the market,” Realtors economist Lawrence Yun said in a statement. “However, stronger demand without increasing supply led to faster price growth in many markets.”

“Sales could soften slightly in some of these markets seeing sharp price appreciation unless housing supply markedly improves and tempers its unhealthy level of growth.”

Home prices are higher this year in all the major Texas markets. Austin had the biggest increase of 10.2 percent from first quarter 2014.

Prices were up 9.1 percent in San Antonio and 8.5 percent in Houston.

Home prices in North Texas have shot up by almost 60 percent in the last five years.

The rate of price increase is currently more than twice the average, long-term growth rate.

Follow Steve Brown on Twitter at @SteveBrownDMN.

For more information, please contact me or visit my website:

Chris Boyington, Realtor, ABR

U.S. Army Veteran

Homes For Heroes
Halo Realty Group
214-598-0221 cell



Want to Advertise on this Site?

Latest Blog Posts

Kitchen Improvements Under 100 Dollars

Kitchen Improvements Under $100 Want to spruce up your kitchen but stuck on a tight budget? Check out this list of improvements you can get started on for under $100. These tips can come in

Read More

Deciding To Buy A FixerUpper

Deciding To Buy A Fixer-Upper f you are a fan of HGTV, you have probably seen your fair share of fixer-uppers. TV shows tend to make everything look easy, especially home flipping or updating.

Read More


Even if you have a beautiful headboard, the space above your bed can seem empty if left untouched. This space can be tricky to decorate, but that doesn’t mean you should leave it blank.

Read More

Organize Your Junk Drawer

Have you been looking for a budget-friendly way to organize that pesky junk drawer in your home? Instead of heading to the store and spending money on organizers, take a look around your home

Read More