Home prices in Dallas rose 4.3 percent year-over-year in August and increased 0.8 percent from the previous month, according to CoreLogic home-price research released yesterday.
The rising local home prices reflect a nationwide trend with an increase in home prices by 4.6 percent year-over-year for the same time period. The national rise in home prices represents the biggest year-over-year increase in home prices since July 2006, according to the research.
The expectation is for this trend to continue in September’s numbers, says Mark Fleming, chief economist for CoreLogic. The firm s Pending Home Price Index indicates September house prices are poised to rise 6.3 percent year-over-year from September 2011 and by 0.6 percent month-over-month from August 2012.
Improving price trends over the past few months and our forecast for continued gains in September bode well for a progressive rebound in the residential housing market, says Anand Nallathambi, president and CEO of CoreLogic.
This news echoes what we are hearing from Ebby sales associates companywide, who emphasize that with fewer homes on the market and homes selling faster than they have in a long time, now is an ideal time to list a home for sale in North Texas.
If you are already an Ebby Halliday client, we thank you. If you are not, contact us today to learn more about we ll tap the strength of the Ebby Halliday brand to successfully market and sell your property, or help you find just the right home for your family.
To learn more about buying or selling a home with Ebby Halliday Realtors, visit the Web site voted one of the industry s best by the Web Marketing Association, ebby.com.