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.