More good news for sellers!

Home prices in Dallas were up another 7 percent year-over-year this spring, posting a median home price of $169,900, though housing inventory continued to dwindle.

The number of homes listed for sale on the market dropped 33% according to a report released Tuesday from ZipRealty, which measured MLS housing data from Feb. 15-March 15.

The rising home prices, coupled with the dwindling number of listings, has created a frenzy that's being seen not just in Dallas, but throughout the country, said Lanny Baker, president and CEO of ZipRealty.

Across the country the median sales price rose to $242,519, a 14.6 percent increase year-over-year, according to the report. The national inventory of home listings decreased 34 percent.


Long story made short, home prices will continue to climb this year as inventory remains at historically low levels.