Rising home prices in DFW brings influx of new listings
Dallas-Fort Worth's rising home prices -- reaching double-digit increases year-over-year -- have prompted more homeowners to put their houses on the market. The North Texas area increased its new listings by 18 percent year-over-year in July to 10,176 listings, after the median home prices rose 14 percent in the same time period. The median home price in Dallas was $192,500. In the U.S., the number of new home listings rose 14 percent, with a median home price of $282,034. Dallas-Fort Worth area homes sold at an average 98.7 percent of list price, compared with the national average of 99.1 percent of list price, according to the data. With the new listings and an increase in inventory, home prices will moderate in coming months, but the housing market shows no signs of stopping.
- Dallas Business Journal, August 12, 2013
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