6 Reasons Why Dallas is Still a Strong Real Estate Market

Kim Boyko, Realtor, with the Keith Dobbs team of Re/Max gave the 10 minute presentation at Network Plano during their weekly meeting. Her presentation gave 6 reasons why the Dallas market is still a strong real estate market:

• Stability
  
  Home prices in the Dallas area continue to rise and are a steadily increasing market. While unlike the coastal markets that experienced extreme appreciation, they are also now suffering extreme depreciation. Since 2000, Dallas home prices have averaged a 3.3% increase and since January 2008, area home prices are down 2% while nationally they are down 11%



• Affordability
  
  The median home price is $158,000 which is in line with median household income of $60,300 so this continues to be an affordable market and one of the MOST affordable in the US.