Home prices in Dallas, Texas, have surged over the last year, with experts pointing to the “severe shortage of inventory” as the cause.
According to the MetroTex Association of Realtors, the media price of a home in Dallas was 12.3 percent higher in December 2014 than it was at the same time the year before.
“Buyers are seeing sticker shock, but they’re buying anyway,” said Laura Barnett of RE/MAX DFW Associates.
Image via flickr/Ken Lund
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