Wednesday, May 9, 2018

Dallas Housing Market Loses Steam, Moves Sideways

(Click on the image to enlarge)

After experiencing a rapid rise in home prices Dallas market has been trending sideways, staying range-bound between $320K and $335K. The spike in February could be explained by the abrupt fall in January. 

The normalized picture demonstrates a similar pattern too - significant growth in prices followed by sideways movement within a tight range ($165 to $175/SF). Again, the big drop in January could have roots in preceding and succeeding spikes.

Note - This analysis covers City of Dallas, not the entire Dallas County.

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