Dallas-Fort Worth was among the two-thirds of U.S. metro areas to record double-digit percentage home price gains in the final months of 2021. Median home...
The biggest annual home price hikes in the country were in the Florida cities of Punta Gorda and Ocala , followed by the Austin area and Phoenix .
Rounding out the top five was the Sherman-Denison area just north of Dallas, where median home prices jumped by 25.1%.The average mortgage payment on an existing single-family home valued at $361,700 and financed with a 20% down payment rose to $1,240 — up by more than $200 a month from a year earlier, according to the association.“The escalating prices took a toll on home shoppers, compelling many to come up with extra cash, and forcing others to delay making a purchase altogether,” Yun said.
North Texas home sales prices have risen by more than 50% in the last five years and are at more than twice the median cost of a decade ago. The Realtors group continues to forecast smaller price hikes and more homes on the market later this year. “The good news is that home prices should begin to normalize later in 2022 as more homes come on the market,” Yun said.
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