Dallas home price gains dip slightly

​​​​DALLAS – Although area home price growth cooled in May, Dallas-Fort Worth still had one of the highest home price increases in the country, according to the just-released Standard & Poor’s/Case-Shiller Home Price Index.

DFW prices were up 7.8 percent from a year ago, marking the first time home appreciation for the area fell below 8 percent since 2014 in Case-Shiller’s monthly survey.​ Regardless, the Metroplex ranked fourth in the country behind Seattle (13.3 percent), Portland (8.9 percent), and Denver (7.9 percent).

North Texas prices are at an all-time high in the report. They’re now almost 50 percent ahead of where they were at the peak of the last housing cycle in 2007.

Nationwide home prices​ were up 5.6 percent from a year earlier, representing an all-time high for the sixth consecutive month.

For more on the Dallas-Fort Worth-Arlington housing market, check out our latest Monthly Housing Report for that area.