November 28, 2022

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DFW is second most expensive metro for homes in Texas

Active listings in DFW are down by nearly 25% since last year, but sales in the market have still increased.

Lively listings in DFW are down by nearly 25% since final yr, but income in the sector have continue to increased.

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The median house price tag in Dallas-Fort Worth shot up additional than 20% in the 1st quarter.

The median dwelling rate reached $376,500 in the very first quarter of 2022 — an raise of 21.5% the very same interval in 2021, according to a new report from Texas Realtors,

Of all Texas metros, DFW is next to Austin in median dwelling rate. Statewide, the median rate elevated 18.6% to $325,000.

Even though active listings in the DFW housing market reduced by practically 25%, the number of closed profits even now increased by .5%.

“This 12 months is presently shaping up as yet another extremely active time for Texas real estate. With file demand, escalating desire costs and small inventory, it can be a complicated marketplace for potential buyers and sellers,” said Russell Berry, chairman of Texas Realtors, in a press release.

This story was at first revealed April 20, 2022 12:14 PM.

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Jess Hardin handles development and progress. Just after graduating from Georgetown University, she finished a Fulbright grant in Georgia (the place) and did a brief stint of federal service in whistleblower safety. Jess comes to Fort Truly worth soon after serving to launch digital news start out-up Mahoning Matters in the wake of the closure of The Vindicator in Youngstown, Ohio. Ship ideas to [email protected] or via Twitter to @jesslhardin.