Metropolitan Statistical Area (MSA):
Dallas-Fort Worth-Arlington, TX is a Metropolitan Statistical Area (MSA) comprising counties including .
There is no doubt that the Dallas-Fort Worth-Arlington, TX metropolitan statistical area (MSA) is one of the hottest housing markets in the country. Home prices in the MSA have been on the rise for several years, and there is no end in sight. The following are some of the most notable real estate trends in the Dallas-Fort Worth-Arlington, TX MSA:
1. Home prices are on the rise. The median home price in the MSA was $262,000 in 2017, up from $247,000 in 2016. This trend is expected to continue as demand for housing in the area remains strong.
2. Housing inventory is tight. The number of homes available for sale in the MSA has declined steadily over the past few years. This has led to increased competition among buyers and bidding wars on properties that are listed for sale.
3. Rent prices are also on the rise. The average rent for an apartment in the MSA was $1,380 in 2017, up from $1,360 in 2016. This trend is expected to continue as more people move to the area and competition for rental units increases.
4. New construction is booming . . . but it can't keep up with demand . There were nearly 26,000 new homes built in 2017 , which was a record high for