A recent article published by The Dallas Morning News revealed that home prices in the Dallas metro area have hit a record high in the latest Standard & Poor’s/Case-Shiller Home Price Index.
According to data from the Index, home prices in “Big D” were up 10 percent in March from the year prior and up 1.2 percent from February. March’s data marks the fourth consecutive month that Dallas home prices rose at a double-digit rate from the previous year.
On a national level, the Index revealed that home prices were up 10.3 percent from 2013.
“All cities were higher than a year ago and all but New York were higher in March than in February,” said S&P’s David Blitzer. “However, only Denver and Dallas have set new post-crisis highs and they experienced relatively lower peak levels than other cities.”
The record high in Dallas area home prices comes in even above the area’s last peak level. Home prices in the Dallas area are now 6 percent higher than they were at the previous market peak in 2007, according to Case-Shiller. This indicates a very robust market – perhaps even stronger than it was in the pre-crisis period.
Are you looking for a home in Dallas?
Check out a few of these recent listings, courtesy of Trulia:
Stylish, spacious and secluded! This mid-century modern home boasts a beautiful backyard pool, modern renovation, and a great location. This 3 bedroom, 3 bath home can be yours for $599,000.
If $600K is a bit out of your home buying budget, check out this equally stunning home in Far North Dallas for a little over half the price! This gorgeous 4 bedroom, 3.5 bath home features a beautiful, open floor plan, great storage throughout, and is located in one of the best school districts in the area. At $379,900, this home is a bargain!
Speaking of a bargain, this adorable detached townhome in Preston Hollow offers 3 bedrooms, 2 baths, a single-car garage, charming Victorian exterior, and flexible loft space that could be an additional bedroom/office/playroom. For only $119,900 this home could be a first time buyer’s dream come true!
Get Pre-Approved for Your Dallas Mortgage
Before you pound the pavement in your real estate search, be sure to talk to an area mortgage lender about getting pre-approved for a Dallas home loan. At The Decker Group, we can help you through this process, which will ultimately help you plan your home buying strategy as well as make you a stronger buyer in today’s competitive market. Call (972) 591-3097 today to learn more and to receive a free Dallas mortgage rate quote.