Dallas-area home prices were up 9.3% in March from a year earlier in the latest Standard & Poor’s/Case-Shiller Home Price Index.
The Dallas-area increase was more than twice the national average of 4.1%. And March’s year-over-year price gain rose from 8.6 percent in February.
Dallas had the third-highest home price increase in the country, behind San Francisco, 10.3%, and Denver, 10%.
Experts agree that North Texas home prices are rising thanks to strong growth in the region and a shortage of homes for sale.
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