DALLAS – Area home prices for July were up 6.9 percent in the latest annual comparison by CoreLogic, just slightly ahead of the 6.7 percent nationwide gain.
"Home prices in July continued to rise at a solid pace with no signs of slowing down," said Frank Martell, president and CEO of CoreLogic. "The combination of steadily rising purchase demand along with very tight inventory of unsold homes should keep upward pressure on home prices for the remainder of this year."
North Texas home prices have risen by more than 40 percent in the last four years. The median price of a preowned home in the area is now at a record high of more than $250,000.
CoreLogic forecasts that nationwide home prices will rise by 5 percent in the next year.
If you want more information about the North Texas housing market, read the Center's latest quarterly housing reports.
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