Dallas-area home prices rose 8.2 percent in June, nearly double the national rate, according to the latest S&P/Case-Shiller Home Price report.

For the fourth-consecutive month, Dallas ranked No. 3 nationally after Denver (up 10.2 percent) and San Francisco (up 9.5 percent) for the 12 months through June. The average increase for 20 large metropolitan areas tracked by Case-Shiller was 5 percent.

High demand combined with a limited supply of homes (2.4 months in July) is driving up Dallas-area prices. Home prices are 19 percent higher than their pre-recession peak in April 2007.

To determine your home’s value in today’s competitive market, call me today. To find just the right agent for your real estate needs visit EastDallasTXHomes.com.

Advertisements