Sunday, June 10, 2018

Dallas Housing Market Moves Sideways but Remains Volatile

(Click on the image to enlarge)
After experiencing a rapid rise in home prices Dallas market has been trending sideways, staying loosely range-bound between $320K and $340K, making the sideways quite volatile. The spike in Feb-2018 (#14) could be explained by the abrupt fall in Jan-2018 (#13). The Jan-18 fall is being ignored by both trendlines, while the 2-Mo Mov Avg is totally unresponsive to the rise as well. 

The normalized picture (bottom chart) demonstrates a much better trend - significant growth in prices followed by stable sideways movement till the end of the year, within a tight range ($165 to $175/SF). Again, the big drop in January could be explained by the preceding and succeeding spikes. The 2-Mo MA shows a flatline sideways without any uptick like the other trendline, indicating uncertainty in the near future.

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

- Sid Som, MBA, MIM
President, Homequant, Inc.
homequant@gmail.com

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