Real estate prices are all over the map in Dallas, according to a new report.
But they’re still up in Oak Cliff.
Sales are down by 1% overall in the Dallas/Fort Worth area by in the first six months of this year, compared to the same period in 2018.
“The dip in Dallas-area home sales isn’t a surprise,” writes Steve Brown of the Dallas Morning News. “Several years of big price increases have created an affordability problem for many potential buyers that the lower home finance rates don’t offset.”
Sales are down in areas where homes are most expensive, including Oak Lawn and McKinney.
Where prices are moderate, including Southeast Dallas, prices are up by double-digit percentages, the newspaper reports. Prices are up 13 percent in Southeast Dallas, east of Interstate 45.
The report’s Oak Cliff area includes part of West Dallas and stretches from Arcadia Park to the west and Fruitdale to the east. Since January, 728 homes have sold in that area for an average price of $149 per square foot and a median price of $188,000.