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Just how hot is “hot”? A longer-term look at DFW home sale trends

  • ​​DFW’s home sale market has reached a boiling point.  This is not the typical seasonal uptick we see every peak home selling season in the broad north Texas MLS territory.
  • Since the economy began to take-off in 2011 and 2012, all home sale measures have been consistently improving.
  • Historically, national economic cycles have resulted in modest sustained home price appreciation in DFW as high near-term demand accelerated pricing, which then waned as the economy slowed. 
  • From July 2002 to 2008, average home prices in Dallas alone increased 16.7%.  In comparison, there were “zero” price gains between 2007 and 2011.  Since 2011, the average home has risen 53%, with no meaningful slowing insight given our continued economic growth and the constrained supply available.​

Source: NTREIS; Texas A&M Real Estate Center; JLL Research​

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