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Home prices were up 9.8 percent year-over-year in Dallas-Plano-Irving, according to the latest report from CoreLogic, which analyzes home price statistics monthly.
Nationwide, prices were up 11 percent for the same period.
Agents with Briggs Freeman Sotheby’s International Realty report that homes that are in good condition and priced accordingly are selling will in and around Dallas.
CoreLogic predicts that year-over-year prices nationwide will have risen 10.2 percent for January when its next report is released.
“Last year, home prices rose 11 percent, the highest rate of increase since 2005. … We expect the rising prices to attract more sellers, unlocking this pent-up supply, which will have a moderating effect on prices in 2014,” said Dr. Mark Fleming, chief economist for CoreLogic.
Click here to see the full report.
Briggs Freeman Sotheby’s International Realty, serving the Metroplex from our office at 5600 Lovers Lane, Suite 224, Dallas, Texas 75209. For more beautiful homes, see briggsfreeman.com. Also see updatethemetroplex.com for the latest in real estate news. CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty.