Dallas-Plano-Irving, TX (MSAD) Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Dallas-Plano-Irving, TX Federal Housing Finance Agency (FHFA) house price index (HPI) is a weighted, repeat-sales index measuring average price changes in single-family properties in the Dallas-Plano-Irving metropolitan area. The HPI is a broad measure of the movement of single-family house prices and covers both new and existing houses.

The HPI for the Dallas-Plano-Irving metro area was 199.6 in December 2020, up 7.1 percent from December 2019 when it was 186.4.

In 2020, the HPI for the Dallas metro area increased at a faster pace than both Texas and the nation as a whole. The state's HPI rose 5.9 percent from 2019 to 2020, while the U.S. HPI increased 5.8 percent over that same period.

The pandemic caused many people to reconsider their living arrangements and led to an increase in demand for suburban homes with more space. The Dallas metro area saw particularly strong growth in its suburban markets, with Frisco, McKinney, and Plano all ranking among the top 10 fastest appreciating metros in 2020 according to Realtor.com data .

As vaccine distribution ramps up and more people feel comfortable returning to normal life, we expect the housing market will continue to rebound in 2021 . However , there is still some uncertainty about how long it will take for the market to fully recover from the pandemic .