North Texas median home prices fly above $200,000

DALLAS-FORT WORTH – This spring’s scorching home cost increases have propelled median house sales prices in North Texas above $200,000 for the first time.

In April, home sales prices in the area were up 14 percent to a record $207,000.

The Dallas area now leads the country in year over year home price increases, according to the latest national comparison from CoreLogic Inc.

Looking around the Dallas area, some of the biggest year-over-year price gains in April were in Irving (up 43 percent), Southern Dallas (24 percent) and Oak Cliff (23 percent).

Even with the huge price increases, preowned single-family home sales rose by 7 percent last month and sales of condominiums and townhouses were 13 percent higher than in April 2013, according to the latest data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.