Dallas Home Prices Continue Rapid Growth, at Their Highest Since the Housing Bubble

Keep Dallas Observer Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Dallas and help keep the future of Dallas Observer free.

DFW home prices are almost 9 percent higher than this time last year, Standard & Poor's/Case-Shiller Home Price Index.

That's more than double the average 4.2 percent growth across the country. Dallas is one of just two metro areas where home buyers face prices higher than they were in 2006.

"While prices are certainly rebounding, only two cities -- Denver and Dallas -- have surpassed their housing boom peaks," S&P's David M. Blitzer said in announcing the new numbers.

Dallas' 8.6 percent year-over-year growth was the fourth highest nationwide, behind Denver (10 percent), San Francisco (9.8 percent) and Miami (9.2 percent).

Blitzer said that S&P's data should not be construed as indicating a full bounce back for the housing market, because many metro areas are still far behind their pre-housing bubble highs.

"Nationally, prices are almost 10 percent below the high set in July 2006," Blitzer said. "If a complete recovery means new highs all around, we're not there yet."

The average monthly price for a rental unit is $954 in the Dallas area, and with large companies like Toyota and State Farm continuing to move to the area, rental inventory remains low.

(H/T The Dallas Morning News)

Keep the Dallas Observer Free... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Dallas with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.


Join the Observer community and help support independent local journalism in Dallas.


Join the Observer community and help support independent local journalism in Dallas.