A big, five-bedroom in Arlington for $224,900. For further information:
Trulia Median home price: $138,300
1-Year change through 2010: -0.2%
Housing inventory in Big D is shrinking big-time, down 14% in a single month, according to Move.com. At the present rate of sales, there's just 100 days of supply, a healthy number. March list pricing was up slightly from February.
The housing market is poised for steady growth. Dallas never did go through a bubble; prices went up very modestly all through the boom and have declined only about 7% from peak, according to the S&P/Case-Shiller home price index.
Contributing to the likely housing market improvement is the strength of the local economy. Dallas is adding jobs and its unemployment rate is about a point below the national level.
The metro area population is growing at a fast clip. In 2009, the Census Bureau estimated that the population rose by 146,000 in 2009, more than any other metro area. The demand for housing all those folks should drive the housing market forward.
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