Dallas County home prices soar to double-digit increase in January

Prices rose more than 12% from 2019 levels.

Tarrant County lead North Texas in home sales in January.(Daniel Carde / Staff Photographer)

January was a huge month for Dallas-Fort Worth home sales. And prices rose at a rapid pace, too.

North Texas median home prices rose 8% in January from a year earlier.

But the price increases varied from county to county.

Dallas County home prices soared by more than 12% year-over-year, the most of any North Texas county, according to data from the MetroTex Association of Realtors.

And Collin County home prices were up 7% from a year ago.

The smallest price gain was in Kaufman County, which was up only 0.5%. The largest increase in home sales was in Ellis County, which rose more than 55% from January 2019. Kaufman County sales were up 34%.

Tarrant County had the largest number of sales — 1,593 single-family homes sold by real estate agents in January.

A larger inventory of more affordable homes on the market has given Tarrant County an edge with buyers.

Last year was a record year for home sales in North Texas, with more than 108,000 properties sold by real estate agents — about 3% more than in 2018.

Median home sales prices for the area were also up 3% in 2019.

Dallas County had the greatest home price gain in January.Dallas County had the greatest home price gain in January.(MetroTex Association of Realtors)

See full Dallas News article


6:15 AM on Feb 17, 2020

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