Dallas-area home prices are up 9 percent from a year ago in the latest Standard & Poor s/Case-Shiller Home Price Index. The increase in September from a year ago matched the 9 percent year-over-year gain in August, which was the largest in history for Dallas in the monthly index.
Dallas-area home prices are now about 5 percent higher than they were before the recession, according to Case-Shiller s monthly estimates. Dallas prices have been rising since March 2012, according to Case-Shiller.
Nationwide, home prices rose 13.3 percent, compared with 12.8 percent in August.
The largest price increases in September were in western U.S. markets including Las Vegas, up 29.1 percent year-over-year; San Francisco, 25.7 percent, and Los Angeles, 21.8 percent.
Nationwide, prices are still well below where they were at the top of the housing market in 2006.
Whether you are considering buying a home or selling your current home, now is a great time to act in North Texas. To learn more about the market in your particular area of interest, contact an Ebby agent today. To get started, visit the website voted one of the industry s best by the Web Marketing Association, ebby.com.
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