Texas’ housing market news just gets bigger and better – especially in the four largest metro areas of Austin-Round Rock, Dallas-Fort Worth-Arlington, Houston-The Woodlands-Sugarland, San Antonio-New Braunfels.
According to a recent report released by Texas Realtors, 3,118,089 homes were sold in Texas during the decade. Meanwhile, median home price in the state increased $112,200 from $146,988 at the end of 2011 to $259,188 at the end of 2020 – a 76% jump.
How DFW Ranks
But the Dallas-Fort Worth-Arlington metro area tops the list. DFW-A sold the most homes over the last decade with a record number of 923,528. That means almost 1 in three homes sold in DFW – the most in the state!
According to Marvin Jolly, chairman of Texas Realtors credits multiple factors that have helped fuel the real estate market in Texas over the last 10 years, including a “significant population growth, natural disasters big and small, new home technologies, and of course, the pandemic.”
All of this has helped buyers, sellers, and property owners realize their real estate goals. If you are thinking of relocating to the greater Dallas-Fort Worth metro or upsizing or downsizing your current home, let us help you see what loan programs are right for your situation. We provide our customers with the absolute best mortgage programs including FHA, VA, USDA home loans, as well as One-time Construction Loans if building from scratch is your goal. Give us a call today at (972) 591-3097 to get started.