Dallas-Plano-Irving Home Prices Up 0.7% Year Over Year in December, According to First American Data & Analytics Monthly Home Price Index Report
First American Data & Analytics released its December 2024 Home Price Index (HPI) report, showing that the Dallas-Plano-Irving market experienced a 0.7% year-over-year increase in home prices, while declining 0.1% month-over-month.
Nationally, house prices grew by 3.9% year-over-year, with a modest 0.1% month-over-month increase. The market started 2024 strong at a 7% annualized growth rate but gradually slowed due to higher mortgage rates and inventory levels.
In the Dallas-Plano-Irving metro area, price changes varied by market segment: luxury tier properties rose 3.3%, mid-tier increased by 0.3%, while the starter tier decreased by 0.6%. Among major markets, Anaheim, Cambridge, and Pittsburgh showed the strongest price growth, while Tampa, Oakland, and Austin experienced decreases.
First American Data & Analytics ha pubblicato il suo rapporto sull'indice dei prezzi delle case (HPI) di dicembre 2024, mostrando che il mercato Dallas-Plano-Irving ha registrato un incremento annuale dello 0,7% nei prezzi delle case, mentre ha subito un calo dello 0,1% rispetto al mese precedente.
A livello nazionale, i prezzi delle case sono aumentati del 3,9% su base annua, con un modestissimo aumento dello 0,1% su base mensile. Il mercato ha iniziato il 2024 con una solida crescita annualizzata del 7%, ma ha gradualmente rallentato a causa dell’aumento dei tassi dei mutui e dei livelli di inventario.
Nell'area metropolitana di Dallas-Plano-Irving, le variazioni di prezzo sono state diverse a seconda dei segmenti di mercato: le proprietà di lusso sono aumentate del 3,3%, quelle di fascia media dello 0,3%, mentre la fascia iniziale ha registrato un calo dello 0,6%. Tra i principali mercati, Anaheim, Cambridge e Pittsburgh hanno mostrato la crescita dei prezzi più forte, mentre Tampa, Oakland e Austin hanno subito delle diminuzioni.
First American Data & Analytics publicó su informe del índice de precios de viviendas (HPI) de diciembre de 2024, mostrando que el mercado Dallas-Plano-Irving experimentó un incremento del 0.7% interanual en los precios de las viviendas, mientras que disminuyó un 0.1% en comparación con el mes anterior.
A nivel nacional, los precios de las casas crecieron un 3.9% interanual, con un modesto aumento del 0.1% mes a mes. El mercado comenzó el 2024 con una sólida tasa de crecimiento anualizada del 7%, pero se desaceleró gradualmente debido a las tasas hipotecarias más altas y los niveles de inventario.
En el área metropolitana de Dallas-Plano-Irving, los cambios de precios variaron según el segmento del mercado: las propiedades de lujo aumentaron un 3.3%, las de gama media un 0.3%, mientras que la gama de inicio disminuyó un 0.6%. Entre los principales mercados, Anaheim, Cambridge y Pittsburgh mostraron el crecimiento de precios más fuerte, mientras que Tampa, Oakland y Austin experimentaron disminuciones.
퍼스트 아메리칸 데이터 & 애널리틱스는 2024년 12월 주택 가격 지수(HPI) 보고서를 발표했으며, 달라스-플라노-어빙 시장에서 주택 가격이 전년 대비 0.7% 증가한 반면, 월별로는 0.1% 감소했다고 밝혔습니다.
전국적으로 주택 가격은 3.9% 증가했으며, 월간으로는 보합세인 0.1%의 증가율을 기록했습니다. 2024년 시장은 연율 7%의 강력한 성장률로 시작했지만, 이자율 상승과 재고 수준의 증가로 인해 점차 둔화되었습니다.
달라스-플라노-어빙 대도시권에서 가격 변화는 시장 구분에 따라 달랐습니다: 럭셔리 주택은 3.3% 증가했으며, 중간 가격대는 0.3% 증가, 저가형 주택은 0.6% 감소했습니다. 주요 시장 중 아나하임, 캠브리지, 피츠버그는 가장 강력한 가격 성장을 보였으며, 탬파, 오클랜드, 오스틴은 감소를 경험했습니다.
First American Data & Analytics a publié son rapport de l'indice des prix des logements (HPI) de décembre 2024, montrant que le marché Dallas-Plano-Irving a connu une augmentation de 0,7% d'une année sur l'autre des prix des logements, tout en enregistrant une baisse de 0,1% par rapport au mois précédent.
Au niveau national, les prix des maisons ont augmenté de 3,9% d'une année sur l'autre, avec une modeste augmentation de 0,1% par rapport au mois précédent. Le marché a débuté 2024 avec un taux de croissance annualisé de 7%, mais a progressivement ralenti en raison de l'augmentation des taux hypothécaires et des niveaux d'inventaire.
Dans la région métropolitaine de Dallas-Plano-Irving, les changements de prix variaient selon les segments du marché : les propriétés de luxe ont augmenté de 3,3%, les propriétés de milieu de gamme ont augmenté de 0,3%, tandis que la première gamme a diminué de 0,6%. Parmi les principaux marchés, Anaheim, Cambridge et Pittsburgh ont connu la plus forte croissance des prix, tandis que Tampa, Oakland et Austin ont enregistré des baisses.
First American Data & Analytics hat ihren Bericht zum Hauspreisindex (HPI) für Dezember 2024 veröffentlicht, der zeigt, dass der Dallas-Plano-Irving Markt einen jährlichen Anstieg von 0,7% bei den Hauspreisen verzeichnete, während es im Vergleich zum Vormonat um 0,1% zurückging.
National stiegen die Hauspreise um 3,9% im Jahresvergleich, mit einem moderaten Anstieg von 0,1% im Vergleich zum Vormonat. Der Markt begann 2024 stark mit einer annualisierten Wachstumsrate von 7%, verzeichnete jedoch aufgrund höherer Hypothekenzinsen und Lagerbestände eine allmähliche Verlangsamung.
In der Metropolregion Dallas-Plano-Irving variierten die Preisänderungen je nach Marktsegment: Luxusimmobilien stiegen um 3,3%, Immobilien der mittleren Preisklasse um 0,3%, während der Einstiegsbereich um 0,6% sank. Unter den großen Märkten zeigten Anaheim, Cambridge und Pittsburgh das stärkste Preiswachstum, während Tampa, Oakland und Austin Rückgänge erlebten.
- None.
- None.
National House Prices Grew Modestly in 2024
—Higher mortgage rates in the latter half of the year, combined with higher inventory levels, triggered the cooling trend, says Chief Economist Mark Fleming—
December1 Home Price Index
|
|
Metric |
Change in HPI |
November-December 2024 (month over month) |
-0.1 percent |
December 2023-December 2024 (year over year) |
+0.7 percent |
National HPI |
|
Metric |
Change in HPI |
November-December 2024 (month over month) |
+0.1 percent |
December 2023-December 2024 (year over year) |
+3.9 percent |
Chief Economist National HPI Analysis:
“House price growth nationally started 2024 strong at a 7 percent annualized pace of growth but gradually slowed over the course of the year, ending in the high 3 percent year-over-year growth range. Higher mortgage rates in the latter half of the year, combined with higher inventory levels, triggered the cooling trend. If similar conditions persist through 2025, we should expect very moderate price appreciation,” said Mark Fleming, chief economist at First American. “Areas with rapid supply growth that outstrips demand may face stronger moderation or even price declines, while areas with limited new supply may see steadier price growth or even price reacceleration. The structural housing shortage nationally will keep a floor on how low prices can go, but a ‘higher-for-longer’ rate environment and inventory growth could cause further price moderation.”
Year-Over-Year Price-Tier Data for the
The First American Data & Analytics HPI segments home price changes at the metropolitan level into three price tiers based on local market sales data: starter tier, which represents home sales prices at the bottom third of the market price distribution; mid-tier, which represents home sales prices in the middle third of the market price distribution; and the luxury tier, which represents home sales prices in the top third of the market price distribution.
CBSA |
Starter |
Mid-Tier |
Luxury |
|
- |
+ |
+ |
“House price growth has varied considerably at the regional level over the last year, largely driven by differences in for-sale inventories. As more homes become available, the power dynamics can shift in favor of buyers, putting downward pressure on prices,” said Fleming. “All else equal, house price growth in markets with higher inventory of homes available for sale will weaken compared to those with low inventory relative to demand.”
December 2024 First American Data & Analytics Price Tier HPI Highlights2
Core-Based Statistical Areas (CBSAs) Ranked by Greatest Year-Over-Year Increases in Starter Tier HPI |
|||
CBSA |
Change in Starter
|
Change in Mid-
|
Change in Luxury
|
|
+9.5 percent |
+2.7 percent |
+4.0 percent |
|
+6.0 percent |
+7.6 percent |
+6.8 percent |
|
+5.3 percent |
+5.2 percent |
+3.7 percent |
|
+5.1 percent |
+2.9 percent |
+4.2 percent |
|
+5.0 percent |
+7.0 percent |
+6.6 percent |
Additional December 2024 First American Data & Analytics HPI Highlights
Core-Based Statistical Areas (CBSAs) with Greatest Year-Over-Year Increases in HPI |
|
CBSA |
Change in HPI |
|
+6.1 percent |
|
+6.0 percent |
|
+5.8 percent |
|
+4.4 percent |
|
+4.3 percent |
Core-Based Statistical Areas (CBSAs) with a Year-Over-Year Decease in HPI |
|
|
-4.6 percent |
|
-0.8 percent |
|
-0.2 percent |
|
-0.1 percent |
|
+0.5 percent |
HPI data for all 50 states and the largest 30 CBSAs by population is available here.
Visit the First American Economic Center for more research on housing market dynamics.
Next Release
The next release of the First American Data & Analytics House Price Index will take place the week of February 17, 2025.
First American Data & Analytics HPI Methodology
The First American Data & Analytics HPI report measures single-family home prices, including distressed sales, with indices updated monthly beginning in 1980 through the month of the current report. HPI data is provided at the national, state and CBSA levels and includes preliminary index estimates for the month prior to the report (i.e. the preliminary result of July transactions is reported in August). The most recent index results are subject to revision as data from more transactions become available.
The HPI uses a repeat-sales methodology, which measures price changes for the same property over time using more than 46 million paired transactions to generate the indices. In non-disclosure states, the HPI utilizes a combination of public sales records, MLS sold and active listings, and appraisal data to estimate house prices. This comprehensive approach is particularly effective in areas where there is limited availability of accurate sale prices, such as non-disclosure states. Property type, price and location data are used to create more refined market segment indices. Real Estate-Owned transactions are not included.
Disclaimer
Opinions, estimates, forecasts and other views contained in this page are those of First American’s Chief Economist, do not necessarily represent the views of First American or its management, should not be construed as indicating First American’s business prospects or expected results, and are subject to change without notice. Although the First American Economics team attempts to provide reliable, useful information, it does not guarantee that the information is accurate, current or suitable for any particular purpose. © 2025 by First American. Information from this page may be used with proper attribution.
About First American Data & Analytics
First American Data & Analytics, a division of First American Financial Corporation, is a national provider of property-centric information, risk management and valuation solutions. First American maintains and curates the industry’s largest property and ownership dataset that includes more than 8 billion document images. Its major platforms and products include: DataTree®, FraudGuard®, RegsData®, First American TaxSource™ and ACI®. Find out more about how First American Data & Analytics powers the real estate, mortgage and title settlement services industries with advanced decisioning solutions at www.FirstAmDNA.com.
About First American
First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 135 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of
1 The most recent index results are subject to revision as data from more transactions become available.
2 Note:
View source version on businesswire.com: https://www.businesswire.com/news/home/20250127958114/en/
Media Contact:
Marcus Ginnaty
Corporate Communications
First American Financial Corporation
(714) 250-3298
Investor Contact:
Craig Barberio
Investor Relations
First American Financial Corporation
(714) 250-5214
Source: First American Data & Analytics
FAQ
What was the year-over-year home price change in Dallas-Plano-Irving for December 2024?
How did different price tiers perform in the Dallas-Plano-Irving market in 2024?
Which cities showed the strongest home price growth in December 2024?
What caused the cooling trend in national home prices during 2024?
Which major markets experienced price decreases in December 2024?
