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