Based on a new CoreLogic report that compares home prices from April 2016 to April 2017, the Dallas area’s gains still outpaces the national average.
While single-family home prices across the United States grew by a mean 6.9 percent, Dallas area prices increased 8 percent, which is among the largest increases nationwide.
In CoreLogic’s “Home Price Index (HPI) for Select Metropolitan Areas,” reported on by Dallas Morning News, prices in the Denver area topped Dallas with 9.3 percent growth. On the other end of the spectrum, prices in the Houston area — which encompasses The Woodlands and Sugar Land — only grew by 2.1 percent.
Though the CoreLogic HPI singles out home price increases in metro areas, growth is equally robust throughout the entire North Texas region. The gains are fueled greatly by a steady stream of major corporate relocations and workforce transfers.
According to local real estate agents, the median priced home sold over the past year in the Dallas area exceeds $246,000, which is also higher than the national median average.