Dallas-Plano-Irving Home Prices Up 1.9% Year Over Year in October, According to First American Data & Analytics Monthly Home Price Index Report
Dallas-Plano-Irving home prices increased 1.9% year-over-year in October 2024, with a monthly gain of 0.4%. The market showed varying growth across price tiers, with luxury homes rising 3.0%, starter homes up 2.7%, and mid-tier properties increasing 1.2%.
Nationally, house prices stabilized after nine months of deceleration, showing a 3.8% year-over-year increase despite a slight monthly decline of 0.05%. Among major markets, Anaheim, California led with a 7.0% annual increase, while Tampa, Florida experienced the largest decline at -1.5%.
I prezzi delle case a Dallas-Plano-Irving sono aumentati del 1.9% su base annua a ottobre 2024, con un incremento mensile dello 0.4%. Il mercato ha mostrato una crescita variabile tra i diversi livelli di prezzo, con le case di lusso in aumento del 3.0%, le abitazioni per le famiglie in aumento del 2.7% e le proprietà di fascia media in crescita del 1.2%.
A livello nazionale, i prezzi delle case si sono stabilizzati dopo nove mesi di decrescita, mostrando un aumento del 3.8% su base annua nonostante un lieve calo mensile dello 0.05%. Tra i principali mercati, Anaheim, California ha guidato con un incremento annuale del 7.0%, mentre Tampa, Florida ha registrato il calo più significativo con un -1.5%.
Los precios de las casas en Dallas-Plano-Irving aumentaron un 1.9% interanual en octubre de 2024, con un incremento mensual del 0.4%. El mercado mostró un crecimiento variable en diferentes niveles de precios, con las casas de lujo aumentando un 3.0%, las viviendas para principiantes subiendo un 2.7% y las propiedades de gama media aumentando un 1.2%.
A nivel nacional, los precios de las casas se estabilizaron después de nueve meses de desaceleración, mostrando un aumento interanual del 3.8% a pesar de un ligero descenso mensual del 0.05%. Entre los principales mercados, Anaheim, California lideró con un aumento anual del 7.0%, mientras que Tampa, Florida experimentó la mayor caída con un -1.5%.
달라스-플라노-어빙 지역의 주택 가격은 2024년 10월 기준으로 전년 대비 1.9% 상승했으며, 월별로는 0.4% 증가했습니다. 시장은 가격대별로 다양한 성장을 보였으며, 고급 주택은 3.0% 상승, 시작 주택은 2.7% 증가, 중간 가격대의 주택은 1.2% 올랐습니다.
전국적으로 주택 가격은 9개월간의 둔화 기간 후 안정세를 보였으며, 전년 대비 3.8% 상승했지만 월별로는 0.05% 소폭 하락했습니다. 주요 시장 중에서는 애너하임, 캘리포니아가 7.0%의 연간 증가율로 선두를 차지했으며, 탬파, 플로리다는 -1.5%의 가장 큰 하락폭을 경험했습니다.
Les prix des maisons à Dallas-Plano-Irving ont augmenté de 1.9% par rapport à l'année précédente en octobre 2024, avec un gain mensuel de 0.4%. Le marché a montré une croissance variable selon les catégories de prix, les maisons de luxe augmentant de 3.0%, les maisons d'initiation de 2.7% et les biens immobiliers de niveau intermédiaire de 1.2%.
À l'échelle nationale, les prix des maisons se sont stabilisés après neuf mois de décélération, affichant une augmentation de 3.8% d'une année sur l'autre, malgré un léger déclin mensuel de 0.05%. Parmi les principaux marchés, Anaheim, Californie a mené avec une augmentation annuelle de 7.0%, tandis que Tampa, Floride a connu la plus forte baisse avec -1.5%.
Die Immobilienpreise in Dallas-Plano-Irving stiegen im Vergleich zum Vorjahr im Oktober 2024 um 1.9%, mit einem monatlichen Anstieg von 0.4%. Der Markt zeigte unterschiedliche Wachstumsraten in verschiedenen Preissegmenten, wobei Luxusimmobilien um 3.0% anstiegen, Starterhäuser um 2.7% zulegten und Mittelklasseimmobilien um 1.2% zulegten.
Auf nationaler Ebene stabilisierten sich die Hauspreise nach neun Monaten der Abkühlung und zeigten einen Anstieg von 3.8% im Vorjahresvergleich, trotz eines leichten monatlichen Rückgangs von 0.05%. Unter den großen Märkten führte Anaheim, Kalifornien mit einem jährlichen Anstieg von 7.0%, während Tampa, Florida den größten Rückgang mit -1.5% erlebte.
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National House Prices Stabilize After Nine-Month Slowdown
—House Price Growth Nationally Likely to End the Year Not Too Hot, Not Too Cold, says Chief Economist Mark Fleming—
October1 Home Price Index
|
|
Metric |
Change in HPI |
September-October 2024 (month over month) |
+0.4 percent |
October 2023-October 2024 (year over year) |
+1.9 percent |
National HPI |
|
Metric |
Change in HPI |
September-October 2024 (month over month) |
-0.05 percent |
October 2023-October 2024 (year over year) |
+3.8 percent |
Chief Economist National HPI Analysis:
“National annual house price appreciation stabilized in October, ending a nine-month streak of annual deceleration,” said Mark Fleming, chief economist at First American. “While mortgage rates slid downward through September, they unexpectedly rebounded in October, wiping out the short-lived affordability boost from lower mortgage rates. As a result, potential home buyers may hit pause, dampening home buying activity through the rest of 2024. Heading toward the new year, house price growth seems poised to maintain a steady, balanced pace—neither too hot, nor too cold.”
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 trends vary significantly by market, and annual price growth in October was slowest in markets in the South and West,” said Fleming. “Affordability challenges, and in some markets a bump in inventory relative to demand, are keeping a lid on price appreciation.”
October 2024 First American Data & Analytics Price Tier HPI Highlights
Core-Based Statistical Areas (CBSAs) Ranked by Greatest Year-Over-Year Increases in Starter Tier HPI |
|||
CBSA |
Change in Starter Tier HPI |
Change in Mid-Tier HPI |
Change in Luxury Tier HPI |
|
+8.9 percent |
+13.3 percent |
+0.4 percent |
|
+8.3 percent |
+2.6 percent |
+1.7 percent |
|
+7.7 percent |
+7.2 percent |
+1.8 percent |
|
+7.0 percent |
+4.4 percent |
+3.4 percent |
|
+6.9 percent |
+5.9 percent |
+6.4 percent |
Additional October 2024 First American Data & Analytics HPI Highlights
Core-Based Statistical Areas (CBSAs) with Greatest Year-Over-Year Increases in HPI |
|
CBSA |
Change in HPI |
|
+7.0 percent |
|
+5.7 percent |
|
+5.6 percent |
|
+5.4 percent |
|
+5.0 percent |
Core-Based Statistical Areas (CBSAs) with a Year-Over-Year Decease in HPI |
|
|
-1.5 percent |
|
-1.2 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 December 16, 2024.
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. © 2024 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.
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Corporate Communications
First American Financial Corporation
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Source: First American Data & Analytics
FAQ
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