As you might’ve noticed, home price gains in DFW are significant, although there have been signs of a slowdown recently, which is great news for anyone who still plans on buying a home in 2017.
According to the latest S&P CoreLogic Case-Shiller home price index, Dallas-area home prices jumped 7.3% compared to the same time last year, which was good enough for DFW to rank fourth on the list of the 20 largest cities in the country that the home price index analyzed.
The only three cities that saw higher home price gains were Seattle, Portland, and Las Vegas. It’s also worth noting that Dallas actually tied Detroit, which also posted a 7.3% home price increase.
Nationwide, home prices jumped just 5.9% from this time last year. But considering the North Texas market has seen 8% increases dating all the way back to 2014 until this past May, the drop could suggest at least some moderation, even if its only slight for the time being.