The Dallas-Fort Worth housing market set a record high in 2018 topping $510 billion in value. This can be attributed to several years of big price gains in the market.
In 2018 the housing market added nearly $14.6 billion in value according to Zillow. Zillow also stated that area home values have grown nearly $157.6 billion since the Great Recession.
While the housing market has shown slowness in terms of price growth housing values have increased more than 40% over the last five years.
Zillow estimated the value Texas’ home market to be valued at nearly $1.7 trillion which is up $500 billion since the great recession hit.
While the Dallas Fort Worth market is small compared to New York, New Jersey, and California the market is showing an above average recovery rate compared to many other metro areas in the country.
While value only affects whether your purchasing or looking to sell your property it does show despite a minor downward trend the market value still continues to climb in overall value.