The Hottest Market Ever! (Still!)
Jul 1, 2016
NORTH TEXAS – Welcome to North Texas, land of plenty and low unemployment, where we have nearly run out of exclamation points in describing the real estate market.
Great news, everybody. The white-hot Dallas-area real estate market is even hotter than ever. Again!
Pick your data point, and you’ll see proof. Prices? Dallas is beating most of the country there.
In the first month of this year, the Dallas area ranked No. three nationally for home price gains, trailing only Denver and San Francisco, but easily besting Houston and New York, according to CoreLogic.
And real estate tracking firm Zillow Group says prices in the Dallas area will continue to climb in 2016, increasing 5.5 percent.
That gain will be on top of the 14.2 percent price spike across the Dallas area last year. Several communities saw even bigger gains than that:
- up 22 percent in The Colony,
- 23 percent in Richardson, and
- 29 percent in southeast Dallas.
How about construction? That’s hot, too. Hammering on nearly 30,000 new homes is expected to start here this year.
That will make Dallas the No. 1 area in the country for single-family home construction, beating out longtime leader Houston.
Read more at D Magazine
Read the entire “The Hottest Market Ever! (Still!)” on D Magazine
Area: Dallas-Fort Worth-Arlington
