After more than a decade of steady year-over-year growth and unprecedented appreciation following the start of the pandemic, Dallas-Fort Worth home prices...
The Case-Shiller index is a three-month moving average that compares sales-price changes of specific properties over time. While it is a couple of months behind current market conditions, the index’s price estimate is considered more accurate than home sales data from agents, which can be influenced by the type of properties that are selling each month.
Dan Handy, an economic data analyst for Zillow, said that on a national level, listings are going under contract after about a week on the market and a large share of homes are selling above the asking price. Adam Perdue, an economist with the Texas Real Estate Research Center at Texas A&M University, said he will be watching to see if prices continue the typical trends through the summer months when buyers are more likely to make voluntary moves such as buying a larger home.
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