With wildly soaring home prices over the past year, it’s easy to get caught up in tracking relatively short-term increases, and the Dallas area was one of the hottest real estate markets in the nation in 2021.
But a new analysis of historical data ranks the Dallas-Plano-Irving metro area in the top 10 markets in the United States for growth and stability in the past 25 years as well.
The study by SmartAsset from 1997 through 2021 shows Dallas-area home prices shot up 228% since 1997 and the odds of a homes in the market suffering a 5% drop in price within 10 years of being purchased was a minuscule 1%.
The combination of appreciation and market stability ranked Dallas the seventh-best housing market in the nation over the 25-year span.
Read the full story at Dallas Business Journal.