Dallas leads Lone Star State in home price gains
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.
| 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
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