Dallas-area home prices were up 13.7 percent in February over the previous year, according to Zillow. Denver and Dallas led the country in home price increases in a new nationwide price comparison. Home prices in Denver were up 14.5 percent in February, and in the Dallas area prices were 13.7 percent higher than a year earlier, according to the new report by Zillow. Nationwide home values appreciated 4.3 percent annually in February to a median value of $184,600. This is still 5.9 percent below the record median home value set in mid-2007 before the housing crash and recession. The median price for Dallas-area homes was $180,700 – an all-time high, according to Zillow. North Texas home prices have hit record highs in the last couple of years thanks to a booming local economy and tight inventories of houses for sale.
- Dallas Morning News, March 25, 2016