The Dallas-area’s home price gains have earned it a place among the fastest-appreciating housing markets in the U.S. at midyear, according to the latest Standard & Poor’s/Case-Shiller Home Price Index of rising values. Dallas ranked behind only Portland, Seattle and Denver in the just-released report.
Dallas home prices were 8.9 percent higher in June from a year earlier in the monthly report. Nationwide, prices rose 5.1 percent in the same period.
“Home prices continued to rise across the country led by the West and the South,” S&P’s David M. Blitzer said in the report. “Overall, residential real estate and housing is in good shape.”
All 20 of the major U.S. home markets Case-Shiller tracks showed year-over-year gains in June. Portland led the nation with a 12.6 percent gain. Prices were up 11 percent annually in Seattle and 9.2 percent higher in Denver.
The Dallas-area is among U.S. home markets that have seen the strongest recoveries since the Great Recession. Dallas housing values are now almost 44 percent higher than where they were before the economic downturn.