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.
To determine what your North Texas home is worth, contact an Ebby Associate today. It’s easy to find the right agent for your residential real estate needs at the award-winning ebby.com.
Home prices in North Texas were up 14 percent in May – one of the largest year-over-year gains ever for the area. And, the median home sales price for a pre-owned North Texas homes hit a record $215,000 last month.
With 9,484 properties changing hands in May, sales were up 6 percent from the same time last year. May 2015 was the largest one-month sales total ever for North Texas.
With strong sales and robust regional growth, North Texas home prices are up by more than 40 percent in the past five years, according to North Texas Real Estate Information Systems, Inc.
With 25 offices throughout North Texas, Ebby Halliday is the largest independently owned residential real estate company in Texas. If you’re considering offering your North Texas home for sale, our talented Associates are ready to assist. To find just the right agent for your needs, visit the award-winning ebby.com.
PHOTO: Ebby Associate Clarke Landry’s listing at 6230 Prestonshire Lane in Preston Hollow was under contract before it ever hit the market.