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Dallas, TX Real Estate Market Report - 2014
Dallas, TX Real Estate had a very strong year in 2014 with both median and average prices rising and average selling times down considerably from previous years. The main driver of the market was the short supply of homes for sale relative to the strong demand. As the economy in Dallas remains strong and companies continue to relocate to North Texas from other higher-cost areas of the country, real estate prices for single family homes in Dallas, TX will likely continue to rise in 2015.
Summary of the 2014 Real Estate Market for Dallas, TX (Single Family Home Sales in the city limits of Dallas, TX):
What was the median and average price of a single family home in Dallas, TX?
The median sales price for a single family home in Dallas, TX ended at $280,000 for the year. Median prices rose as high as $287,714 in May. The average sales price for a single family home in Dallas, TX ended at $386,273 for the year. The average price rose to as high as $396,702, also in May. The median price of a new-construction home in Dallas, TX ended at $793,970 for the year and rose to a high of ... more
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