DFW home price growth slows for eighth month in a row

​​​​​​​DALLAS – September 2018 marked the eighth consecutive month of declining home appreciation in North Texas as price growth slowed to 4.3 percent in Standard & Poor’s/CoreLogic Case-Shiller Home Price Index.

Nationwide, home prices were 5.5 percent higher in September than a year earlier. However, the rate of home-price gains around the country has also been slowing this year.

"Home prices plus data on house sales and construction confirm the slowdown in housing," S&P Dow Jones Chairman and Managing Director David M. Blitzer said. "Sales of both new and existing single-family homes peaked one year ago in November 2017.

"One factor contributing to the weaker housing market is the recent increase in mortgage rates," he said. "Currently, the national average for a 30-year fixed-rate loan is 4.9 percent, a full percentage point higher than a year ago."

​Through the first ten months of 2018, North Texas median home-sales prices were 5 percent higher year over year. Preowned home sales in the area are flat from 2017.

Case-Shiller’s index tracks over time the prices of single-family homes in each metropolitan area, not including condominiums and townhouses. It covers only preowned properties, not new construction.