Thursday, July 10, 2014

Dallas-area home asking prices up 8.1 percent this year

Dallas-area home sellers are raising their sights on what they expect properties to fetch at sale.

In June average asking prices for Dallas-area homes were up 8.1 percent from a year earlier, according to a new report by Trulia Inc.

That’s the same annual increase found when it looked at home list prices in the 100 largest U.S. cities.

Some markets are still seeing bigger jumps in home asking prices.

Average home list prices in Riverside, Calif are up 16.9 percent and they are 15.7 percent higher in Atlanta than in June 2013, according to Trulia.

“But despite this national slowdown in price gains, price increases continue to be widespread, with 97 of 100 metros posting year-over-year price gains – the most since the recovery began,” says Trulia chief economist Jed Kolko.

So far in 2014, median home sales prices in North Texas are running 8 percent ahead of where they were in June of 2013.

Steve Brown- Dallas News