Median home prices in Dallas-Fort Worth up more than 20% in first quarter of 2022
The median home price in Dallas-Fort Worth shot up more than 20% in the first quarter.
The median home price reached $376,500 in the first quarter of 2022 — an increase of 21.5% the same period in 2021, according to a new report from Texas Realtors,
Of all Texas metros, DFW is second to Austin in median home price. Statewide, the median price increased 18.6% to $325,000.
While active listings in the DFW housing market decreased by nearly 25%, the number of closed sales still increased by 0.5%.
“This year is already shaping up as another highly active time for Texas real estate. With record demand, increasing interest rates and low inventory, it can be a complex market for buyers and sellers,” said Russell Berry, chairman of Texas Realtors, in a press release.
This story was originally published April 20, 2022 at 12:14 PM.
