real estate

North Texas Home Prices Surge to Unheard-of Levels

The dwindling supply of houses on the market in March fueled the biggest price gain in more than a decade

NBC 5 News

North Texas home prices rose at the fastest clip in more than a decade in March.

The median price of a single-family house sold by area real estate agents jumped by 16% to $312,000 last month. That's the highest price ever for property sales in North Texas.

The price per square foot of homes sold rose even faster - up 19% from March 2020, according to a new report from the Texas Real Estate Research Center and North Texas Real Estate Information Systems.

The surge in home prices in North Texas comes as the shortage of homes for sale worsens.

Read more on this story from our partners at The Dallas Morning News.

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