Each month Realtor.com releases its list of the twenty hottest housing markets; for the month of June, Dallas was ranked the third hottest market nationally. Houston Chronicle staffer Katherine Feser takes a look at the Dallas housing market and explains why it ranks so high on the list.
In Dallas, the median time that a home remained on the market for the month of June report was 39 days with the median list price at $335,000. Dallas also benefits from a growing jobs market:
Dallas is experiencing annual job growth in the six figures, similar to Houston before the oil-price collapse.
The Dallas metro area added 110,100 jobs during the 12 months ending in May. That was up 4.7 percent over the previous year, according to the Texas Workforce Commission. The Houston area added 5,100 jobs or 0.2 percent during the same period.