Prices on existing single-family homes in the Dallas-Fort Worth area rose 7.6 percent year-over-year by second quarter 2012.
According to the National Association of Realtors’ (NAR) second quarter housing report, the median price on a home in the Metroplex was $163,000. Nationally, the median price was $181,500.
NAR attributed the increase in DFW home prices to a lack of inventory, especially among lower-priced homes.
Source: Dallas Business Journal