State of Real Estate pricing in the Dallas/Metroplex with increased interest rates.
The state of real estate pricing in the Dallas/Metroplex with increased interest rates is likely to remain steady. The Dallas/Metroplex is still considered a strong real estate market with strong demand for housing. The increased interest rates may cause some potential buyers to reconsider their decision to purchase or delay their purchase, however, the area is still attractive enough to attract buyers in spite of the higher rates. This area is currently in a state of high demand and rising prices going into the spring/summer months. This is due to increased interest from both buyers and investors. As a result, prices have experienced significant appreciation over the last few years. The median home price in the Dallas/Metroplex area is currently around $323,000, which is up 6.6% from last year. The market is expected to remain competitive, with demand for homes continuing to outpace the available inventory.