The housing market in the Dallas-Fort Worth area just hit a record high, topping $510 billion in 2018. Last year alone the area’s home market added another $14.6 billion in value, at least according to newly released Zillow estimates.
Over the past five years, housing values in the area have increased more than 40-percent. Despite a slowing of home appreciation in the second half of the year for North Texas, median single-family home sales prices still rose for much of the year.
Despite this, Dallas-Ft Worth housing market value is still relatively modest when compared to housing markets such as New York/Northern New Jersey, San Francisco, Los Angeles and San Diego.
The real estate marketing and data firm also reports strong and stable home value growth across the nation for 2018. When looking at the entire country, the cumulative value of the nation’s housing market grew $1.9 trillion for the year, totaling $33.3 trillion.