In this article, our focus will be on the current state of the Dallas real estate market and how it can affect the investors and home buyers. The demand and sales have been climbing at a feverish pace for more than two years now. The market started cooling off in the last quarter of 2019 and remains cold as of now. Dallas home prices have risen by only 2% in the past year.
The DFW metro area has experienced smaller price gains as compared to Dallas. If we go back to historical data, the median sale price for a house in Dallas-Fort Worth rose 6.31 percent from $236,100 in November 2016 to $251,000 in November 2017, according to the data from the Texas A&M Real Estate Center.
Whether you’re buying your first income property or just adding another one to the portfolio, Dallas housing market is a great place to do so as it doesn’t get any more “location” than this. The Dallas housing market has always to offer some great profit-generating opportunities to all types of real estate investors.