Home prices for the Dallas area were up 8.9 percent over a year ago in the just-released Standard & Poor’s/Case-Shiller Home Price Index. Dallas had the fourth-highest price appreciation among the nation’s 20-largest metro areas.
The year-over-year increase in Dallas in August was the highest in almost six months. Nationwide, prices were up 4.7 percent from August 2014 levels.
The largest annual increases were in San Francisco, 10.7 percent, Denver, 10.7 percent and Portland, 9.4 percent.
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Prices of pre-owned homes in the Dallas area hit another peak in July, but annual increases continued to slow, according to the just-released Standard & Poor’s/Case-Shiller Home Price Index. Dallas home prices increased 7.4 percent year over year — the lowest rate of advance in approximately a year.
The Dallas price index hit a new high for the sixth-straight month and is nearly 12 percent ahead of June 2007, just before the worldwide economic collapse. Denver was the only other U.S. city to set a new high in the much-anticipated report.
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