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.

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