Median home sales prices were higher in 2021 in all of the Dallas area’s residential districts, and those higher prices and a lack of inventory are putting...
Single-family home sales by real estate agents fell in two-thirds of the Dallas-area residential districtsThe biggest price increases were in markets such as Celina , Frisco and Southlake , and Melissa, Prosper and Oak Cliff .Adding to the challenges of higher home selling prices are the recent increases in mortgage rates, which are expected to continue throughout 2022.
In just the last month, the average rise in home financing costs from higher interest rates has added 7% a month to the payments on a typical house, according to data from Zillow. In the D-FW area, that means payments have gone up by more than $200 on a mid-priced home, Zillow analysts say.
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