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Dallas leads Lone Star State in home price gainsDallas leads Lone Star State in home price gainshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=2502015-07-30T10:04:00Z2015-07-29T00:00:00Z

DALLAS - The Dallas-area tops the rest of Texas for home price gains.

Dallas-area prices rose 12 percent in June from a year ago, according to a report by the Real Estate Center at Texas A&M University.

That is ahead of the statewide home price gain of 8 percent for the same period.

Dallas-area median home prices were at $243,100, second only to Austin for the state’s highest home costs. The statewide average was $209,500, according to the Center.

The higher homebuying costs are making it tougher for some of the state’s residents to purchase a house.

Home costs in many Texas communities are hitting record highs. That is certainly the case in North Texas, where median home sales prices are about 40 percent higher than at the peak of the last housing market in 2007.

Housing Across Texas June 2015*
  June 2015
Sales
Y-O-Y
Chg.
June 2015
Median Price
Y-O-Y
Chg.
Months
Inventory
Houston 8,740 4% $222,000 5% 3.2
Dallas 6,873 9% $243,100 12% 2.2
Austin 3,382 6% $270,100 9% 2.8
San Antonio 3,010 18% $199,200 6% 4.0
Fort Worth 1,367 19% $159,100 4% 2.2
Texas 31,502 7% $209,500 8% 3.5


*Ranked by June 2015 Sales

Source: The Real Estate Center at Texas A&M University

Click DFW NewsTalk Texas or DFW Market Research for free data.

Dallas Morning News
Dallas-Fort Worth-Arlington
Housing
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