Report: Home prices in DFW increase during first quarter of 2024

“The Collin County-area inventory more than doubled year over year in April, while closed sales continued to rise month over month as they have since November 2023,” said Jamuna Thill, president of Collin County Area Realtors, in a May 13 statement. “Home buyers and sellers should expect an active market with no signs of slowing through the summer months.”

In comparison

In the Austin-Round Rock area, median home price decreased 0.3% to $466,700. Home prices in the Houston-Woodlands-Sugar Land area increased 2.2% to $334,100. Home prices in San Antonio and New Braunfels decreased 4.6% to $305,800.

Dallas-Fort Worth was one of 205 metropolitan areas in the country that saw a rise in median home prices during the first quarter of 2024. The median price of a home in the U.S. was $389,400, according to the report. The 30-year fixed mortgage rate ranged between 6.6% and 6.94% during the first quarter.

Each major region in the country saw increases:

• 11% increase in the Northeast
• 7.4% increase in the Midwest
• 7.3% increase in the West
• 3.3% increase in the South