Among the major Texas markets, the Dallas-Fort Worth area had the biggest home price hikes, followed by Austin (7.4 percent), Houston (7.3 percent) and San Antonio (6.9 percent).
The North Texas median sales price for a single-family home reached $210,000 in the third-quarter report. That compares with a nationwide price of $229,000 in the same period.
Realtors said that at the end of September, there was a 4.9-month supply of homes listed for sale across the country. But in Dallas-Fort Worth, preowned home inventories have stayed below a three-month supply for most of the year. Anything over 6 months inventory would signal a buyer’s market. Right now in the Dallas-Fort Worth area we have a strong seller’s market.