Dallas-Fort Worth home prices edge higher in report

Dallas-Fort Worth home prices continued to edge higher during the second quarter.

D-FW was one of 100 U.S. metropolitan areas that saw improved home prices from a year earlier, the National Association of Realtors said Wednesday.

Median home sales prices in the area rose 2.1 percent in the second quarter from the same period the previous year, the Realtors said. That beat the nationwide increase of 1.5 percent.

And it was more than double North Texas' first-quarter gain.

Almost two-thirds of the U.S. markets that the Realtors track had year-over-year price rises at midyear.

But analysts aren't overselling the latest numbers, which are compared with the depths of the housing shakeout in 2009.

"The recorded home prices in many markets were significantly depressed last year because of a large percentage of distressed homes sold at discount," said Realtor economist Lawrence Yun.

"Now as more normal, nondistressed home sales are occurring, the median price in many areas is showing higher values," he said.

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