Business

Dallas-area home price gains are trailing the national average


And the residential appreciation rate in the Dallas area is nothing like the double-digit price hikes in Las Vegas and larger gains in other Southwestern markets.


"We expect home-price growth to continue to moderate over the next several months," Dr. Ralph B. McLaughlin, deputy chief economist and executive of research and insights for CoreLogic, said in a statement.


And D-FW was the only major Texas metro area with a drop in total home sales last year — they wer down 2.4 percent from 2017's record level.


Houses are taking longer to sell in North Texas, and the number of properties on the market in the area has risen more than 20 percent in the last year.


"The housing market appears to be running on fumes; momentum is keeping price growth in the positive, but signs of a slowdown are officially here," Cheryl Young, Trulia senior economist, said in a statement.


"While still up, the pace of annual home price growth slowed in November, dropping to its lowest rate in two years.






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