Dallas home prices up 6.9 percent in January

​​DALLAS – North Texas home prices were ​​up 6.9 percent in January, slightly ahead of the countrywide average​​.

According to the Standard & Poor’s/Case-Shiller Home Price Index, national home prices were up 6.2 percent year-over-year in January. 

Dallas-Fort Worth home prices have risen almost 65 percent in the Case-Shiller index since the worst of the recession in early 2009.

Local inventory​ still sits at around a two-month supply. The Real Estate Center considers a six-month supply a balanced market. As long as housing supply remains low, prices will continue to rise, say agents and analysts. 

Seattle (12.9 percent increase), Las Vegas (11.1 percent), and San Francisco (10.2 percent) saw the largest annual home price gains in January among the 20 cities Case-Shiller tracks.

The Real Estate Center has more North Texas h​ousing data on our website. You can also read the Center’s latest Texas Housing Insight report for more housing data.