Dallas Home Prices since 2002
It's a good idea to take a look at historical figures for real estate when the market is
changing, especially when real estate is the hot topic of the media. When average prices
are quoted it gives you an idea of value in a specific location. Nothing more - it's an average.
Going back to January of 2002 you can see the average price was $190,000 vs. $250,000
today, that's about a 4% appreciation a year, nothing earth shattering but steady. It has
climbed back up since the dip in 4th quarter 2006. Will it cave to 2002 level? My guess
is no, it will start back up again in February because the value and cost of living in Dallas
far outweighs other cities in the country.