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.
The Dallas area had the largest year-over-year home price rise in the country in October – up 9.1 percent from the year before, according to a just-released report from CoreLogic Inc. Nationwide, prices were up 6.8 percent from October 2014.
Determining your home’s market value is a job for a properly educated real estate professional. If you’re considering offering your home for sale, contact an Ebby agent to determine the current value of your property. To get started, visit the website voted one of the industry’s best by the Web Marketing Association, ebby.com.
Dallas-area home prices were up 7.4 percent in the just-released Standard & Poor’s/Case-Shiller Home Price Index.
The gain from a year ago was the fourth highest in the country and significantly ahead of the 4.9 percent nationwide gain.
The biggest increases were in Miami, up 10.3 percent, and Las Vegas, up 9.1 percent. Charlotte and Dallas were the only two cities to see their annual price gains increase from the previous month. Dallas home prices were up 7.3 percent in August.
Dallas-area home prices are now more than 12 percent higher than they were before the recession and at a record level in the Case-Shiller index.