Dallas Area Home Prices Up 6 Percent During 1Q 2018
Posted by Kenneth G. Cox on
Home prices throughout North Texas are already at record levels, but that hasn’t slowed down the on-going upward trend we’re continuing to see as we get deeper into 2018. In fact, according to a new report out from CoreLogic, DFW home prices still increased slightly faster than the national rate over the early part of 2018, which as you might’ve noticed, is hardly anything new at this point.
Compared to last March, home prices across the country spiked 7 percent overall, and here in the Dallas area, home prices are up 7.5 percent.
Strong buyer demand and limited inventory are still the two primary driving forces behind home price gains, and new construction has remained slower than levels previously seen in years past.
Unfortunately for active…
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Despite home prices still being on an upward climb, job growth still thriving, and available housing inventory still lacking, new construction activity throughout North Texas saw a bit of a drop in March compared to this time a year ago. 
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