If you’re waiting for Dallas-Fort Worth’s rapid home price appreciation to cool before buying a house, you may have to sit it out for at least another year. Despite some indicators that the Dallas-Fort Worth housing market may be cooling, a new report projects that home prices will increase an eyebrow-raising 21.1% over the next year. The projected increase is the ninth highest in the nation, according to online home services portal Porch. Porch used national home sales data from Zillow, Redfin and the U.S. Census to make its home price predictions.

If DFW hits the 21.1% projection, it will exactly match the metro area’s gain in home prices for the past year in the latest Case Schiller Index, which measured June 2020 through June 2021. The increase set a year-over-year record gain for the Dallas area.

Here is a summary of the data for the Dallas-Fort Worth metro area:

• Forecasted one-year change in home price: +21.1%
• Current median home price: $297,044
• Sale-to-list price ratio: 102%
• Median household income: $72,265
• Home price-to-income ratio: 11X

For reference, here are the statistics for the entire United States, according to Porch:

• Forecasted one-year change in home price: +14.9%
• Current median home price: $287,148
• Sale-to-list price ratio: 102%
• Median household income: $65,712
• Home price-to-income ratio: 37X

From the Dallas Business Journal, September 6, 2021