The median price of a Dallas-Fort Worth home declined 1% in March from a year before, the first such annual decrease in home prices since the onset of the...
The median price sank from $400,000 to $394,900 over the last year, but prices would have to take much more of a hit to return to pre-pandemic pricing. The median home price in March was about 40% – or $113,000 – more than it was three years ago.from Texas A&M.
Prices declined in all four major counties, but Collin’s comparatively sky-high home prices were down the most. Higher mortgage rates spurred by actions of the Federal Reserve continue to thwart many home sales. The 30-year fixed rate mortgage averaged 6.28% as of April 6, down from 4.72% a year ago, according to Freddie Mac.
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