Dallas Fort Worth Will Be One Of The Countrys Hottest Home Markets In 2018

Dated: 01/19/2018

Views: 46

North Texas' hot housing market won't cool in 2018, according to a new forecast.


The Dallas-Fort Worth area is expected to be one of the top home markets in the country next year, according Realtor.com's just-released projections. Only Las Vegas will have a stronger home market in 2018, the report predicts.

The D-FW area is forecast to see about a 6 percent increase in home sales and a 5.57 percent hike in median home prices in the year ahead. That's twice the national growth rate for sales and prices, according to Realtor.com

In Realtor.com's, the D-FW market was ranked 48th with home sales estimated to see a 5.09 percent increase and median home prices predicted to grow at 4.13 percent. 

Rising home inventories in many U.S. markets will enable home sales to grow.


"Inventory increases will be felt in higher priced segments after spring home buying season, which we expect to take hold and begin to provide relief for buyers and drive sales growth in 2019 and beyond," Javier Vivas, director of economic research for Realtor.com, said in the report.

Next year is likely to see a rise in millennial homebuyers who will account for more than 40 percent of new mortgages.

"Millennials are a driving force in today's housing market," Vivas said. "They already dominate lower price home mortgage and are getting close to overtaking older generations for mid- and upper-tier mortgages."

Realtor.com says the biggest uncertainty for next year's housing picture is the current federal tax code overhaul, which could reduce incentives for homeownership and raise taxes for some homebuyers.

Want to Advertise on this Site?

Latest Blog Posts

12123 Brisbane Farmers Branch TX

Coming Soon! Modern curb appeal with trendy painted brick and updated interior awaits new owner. This spacious home has the perfect location near major arteries and conveniences. Unwind in the

Read More

Prairie View Just Sold

JUST SOLD!! This beautiful NEW BUILD Cambridge Home in Frisco is now owned by some all-star clients! We met this couple as a referral from the Houston area. They were a joy to work with and we

Read More

Just Sold In McKinney

JUST SOLD!!This phenomenal four bedroom floor plan in acclaimed Craig Ranch with quick access to major arteries and feeds into Frisco ISD. All bedrooms downstairs with massive bonus(

Read More