Dallas Home Prices Rope Up

dallas home prices
dallas home prices

Sales of existing single-family homes in North Texas slid 11 percent in January, or so everyone is reporting. But median Dallas home prices rose 8 percent over value a year ago, this data from the Texas A&M Real Estate Center.

Almost every expert in town is pointing the finger of blame for the fall in home sales to the first time home buyer'scredit. How can you compare a windstorm to a tornado?

And no, Super Bowl XLV didn't have much to do with it. Or maybe it did? The median home price in North Texas was $140,010 in January, up 8 percent from January 2010. The increase is likely because more higher-priced homes were sold, say experts. In Tarrant County, six submarkets posted sales increases: far north Fort Worth/Park Glen, northeast Arlington, far southwest Arlington, the TCU area in Fort Worth, River Oaks/Azle and Bedford.

Real estate reporter & blogger Candy Evans is an award-winning, Dallas-based real estate reporter, blogger, and consultant. She's the gal who brought House Porn to the Bible Belt! Read more at SecondShelters.com. Send story ideas and tips to CandyEvans@secondshelters.com.