Dallas-Fort Worth home prices up by 3 percent
Posted by Michael Pannell on Tuesday, February 23rd, 2010 at 1:53pm. Dallas-area home prices moved solidly higher in the latest measure of the country's housing market.
Dallas' December home prices increased by 3 percent from a year earlier
in the monthly Standard & Poor's/Case-Shiller Home Price Index.
It was the second month in a row that area home prices rose on an
annual basis. Prices were up 1.4 percent in November's Case-Shiller Dallas report – the first such gain in more than two years. Dallas-area
home prices are still about 6 percent below their peak in mid 2007,
according to Case-Shiller's numbers. Local real estate
statistics show that median home sales prices in North Texas were
unchanged in all of 2009 from 2008 levels, according to the North Texas
Real Estate Information System. Median prices fell by 3
percent in 2008 based on prices of homes sold by Realtors through the
multiple listing service.
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