Dallas-Fort Worth home price gains were slightly below the nationwide average in the latest comparison.
D-FW home prices rose 3.6 percent in the fourth quarter of 2018 from a year earlier compared with a nationwide 4 percent increase, according to the National Association of Realtors.
While home appreciation across the country has cooled, more than a dozen U.S. metro areas the Realtors group tracked had double-digit gains in the final three months of 2018.
Among Texas’ big cities, the largest price growth was in Austin, where median single-family home prices were 5.9 percent higher than fourth quarter 2017. Austin also had the highest prices with a median of $310,400 at the end of 2018.
D-FW’s median home price of $254,900 is still just a bit below the nationwide $257,600 price, according to the Realtors.
Nationwide home sales by real estate agents fell 7.4 percent in the fourth quarter compared with a year earlier. The biggest drop was in the West, where home sales were 13.9 percent below a year ago.
The slowdown in home sales and price increases in the second half of 2018 is continuing into early 2019.