Dallas-area home prices were up 11 percent in March from a year earlier, according to a report released today by CoreLogic Inc.
The Dallas-area gain was about the same as the 11.1 percent nationwide increase. A shortage of homes for sale in many markets – including North Texas – is fueling home price gains.
The biggest annual home price increases in March were in Riverside, Calif., 20.9 percent, and Los Angeles, 17.1 percent.
“Colorado, the District of Columbia, North Dakota, South Dakota, Texas and Wyoming all surpassed their previous home price peaks in March 2014,” according to the report. “In all, 23 states and the District of Columbia are at or within 10 percent of their peak home price appreciation.”
If you’re considering listing your North Texas home, contact us to learn more about the real estate market in your neighborhood and to find out what your property is worth in today’s fast-moving market.
We look forward to hearing from you!