Dallas-Fort Worth home prices were up 8.5% in the 3rd quarter, compared to the same period last year, according to the National Association of Realtors. Home prices were up in 87% of the 170 U.S. cities included in the price comparison.
Almost two dozen U.S. markets saw double-digit appreciation in third-quarter. The biggest increases were in Florida, including the Tampa area (up 20.7%), Punta Gorda (up 19.7%) and Naples (up 16.8%).
Among the major Texas markets, Dallas-Fort Worth had the biggest home price hikes, followed by Austin (7.4%), Houston (7.3%) and San Antonio (6.9%).
The North Texas median sales price for a single-family home reached $210,000 in the 3rd-quarter report. That compares with a nationwide price of $229,000 in the same period.
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The Dallas-Fort Worth area has the hottest housing market in the country, according to a just-released report from Realtor.com.
Analysts rated the top markets in April based on demand for housing and how long it takes to sell a property.
After the D-FW area, other cities at the top of the 15 hot housing markets list include Santa, Rosa, Calif.; Denver; Boston, and San Diego.
“As the market shows strong signs of health and improvement during the start of spring home buying season, these 15 markets are the best in the country from both a supply and demand perspective,” Realtor.com economist Jonathan Smoke said in the report. “Sellers are seeing listings move between 29 and 49 days more quickly than in the rest of the country and at an accelerating pace from just last month – an average of five days faster.
“Meanwhile, these markets are especially attractive to buyers, as listings are viewed two-to-three times more often than the national average.”
So far in 2015, median single-family home sales prices in North Texas are up about 9 percent from a year ago. And the number of homes sold in the area so far this year by Realtors is 4 percent higher than in 2014.
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North Texas home sales prices jumped by 13 percent in February over the same month last year.
Real estate agents sold 5,495 pre-owned North Texas homes last month – a 2 percent increase from February 2013, according to data from the Real Estate Center at Texas A&M University and North Texas Real Estate information Systems, Inc.
February’s home sales gain comes after a 1 percent drop in January from the previous year. That was the first dip in year-over-year pre-owned home sales in the area since early 2010. Notably, the inventory of homes for sale in North Texas in February was 12 percent lower than a year ago.