Dallas Housing Market Remains Strong
The DFW real estate market is sizzling this summer. A recent market report from Residential Strategies says home closings for 2017 thus far have increased 11.5% compared
with the same four quarter period a year ago.
The median home price in the DFW metro area is $344,094.
Over the 12-month period ending April 2017, Dallas area
house prices were up 8.41%, a boon for sellers.
However, price inflation continues to be a challenge for DFW
homebuyers. Households looking for
inexpensive entry level homes (under $200K) have fewer options.
Also cited in the report, the Texas Workforce Commission
reports a net job growth rate of 3.31% for the 12 month period ended May, 2017.
Over the past 7 years, there have been 676,600 net new jobs created in North
Texas, an increase of 23.0% in the area job base.
The price of that growth:
congested traffic, throngs packing restaurants and grocery stores, and
crowded school classrooms in the burgeoning suburbs.
