Overall, pre-owned home prices in the Metroplex were up about 2 percent last year to a median of $148,000, according to statistics from the North Texas Real Estate Information System and the Real Estate Center at Texas A&M University.
However, prices jumped by 12 percent in the Park Cities and by 10 percent in Lancaster and Keller. Nine areas saw declining prices, including Wilmer-Hutchins, which had a 27 percent drop.
In the Dallas–Fort Worth area, residential values have risen by only about 18 percent during the last five years compared to the more than 55 percent appreciation nationwide during the same period, according to the Office of Federal Housing Enterprise Oversight.
While area home prices remain positive, sales last year declined in more than 20 residential districts. Southlake, down 15 percent, had the largest sales drop. The greatest increase in home sales was in Lancaster, where the number of houses sold was 32 percent greater than the previous year.
Source: Dallas Morning News