DALLAS – Area home prices for June grew by the smallest percentage in almost six years, according to Standard & Poor's/Case-Shiller's latest home price index.
Dallas prices were up only 5.2 percent from a year ago, less than the 6.2 percent nationwide price gain from June 2017.
North Texas home price increases have been decelerating in recent months as the supply of houses for sale has grown and purchases have slowed.
The current rate of Dallas area growth is still slightly ahead of the average 4.2 percent home appreciation rate in the area for the last decade in the Case-Shiller Index.
Home appreciation rates in the Dallas-Fort Worth area are running about half of what they were 18 months ago.
For more on North Texas' housing market, download the Real Estate Center's July 2018 housing report.
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