Dallas-Fort Worth has one of the hottest housing markets in the country. Five years of rising home sales and soaring prices have put the local residential sector into uncharted territory. While there’s no sign of a price bubble or prospect for a crash, 2018 is likely to bring smaller gains for D-FW’s home market. North Texas pre-owned house prices rose 10 percent in 2016 and were 9 percent higher in 2015. In November, median home sales prices were up only 5 percent from last year. And the supply of houses on the market has increased by about 10 percent from late 2016. Most analysts forecast that 2018 home price gains and sales increases will be modest. But with almost 80,000 people a year moving to the area for new jobs, don’t expect the local home market to grind to halt, just move slower than recent years.
- Dallas Morning News, December 27, 2017