Their figures indicate Dallas property values may increase by more than 30 percent in the next 3 years. This story bodes well both for homeowners and investors. Average Dallas home prices at around $233,000 are still lower than the national average of $268,000. Forbes and Local Market Monitor (a North Carolina based company) analyzed more than 300 housing markets to come up with this data. They analyzed housing indicators as well as broader growth trends. Dallas appeared to be the top of the list to park money with some confidence in 2017 and beyond, providing a good return and balanced risk.
Home prices around the DFW area are up about 3.9% from last year and are still underpriced by 3% according to the city’s historic returns (according to Forbes). A healthy job growth of 3.9% last year and a growing population of 6.2% over the last 3 years are fueling housing demand. Inventory continues to be low in the Dallas housing market, helping existing home sales and property prices to increase.
Source: MetroTex Dallas, Forbes
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