Home Prices Recovering in Most Dallas-Area Neighborhoods
Posted July 23rd, 2012 | by The Update
4217 Melissa in North Dallas’ Preston Hollow, an area of North Texas where the real estate market has remained very healthy. Listed by Betsy Stern (214.957.9475).
(Dallas Morning News) — More than three-fourths of Dallas-area residential districts are seeing higher home sales prices this year.
In some neighborhoods, median prices in the first half of 2012 were up by double-digit percentages from the same period last year.
The widespread gains in prices of pre-owned homes sold through real estate agents’ multiple listing services is another indication that the local housing market has turned the corner.
“Signs of a recovery in the North Texas housing market continue to accumulate,” said D’Ann Petersen, an economist with the Federal Reserve Bank of Dallas. “The broad-based increase in the median home price in North Texas reflects other price indexes that also show prices have recently started to pick up.”
Click here to read the full article and see which Dallas neighborhoods are showing the most growth.
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