Unlike much of the nation, Dallas is seeing a warmer-than-average winter, and a very hot housing market. The median price of a Dallas home was 12.3 percent higher in December 2014 than it was a year earlier, according to the MetroTex Association of Realtors. That is more than twice the national annual price gains.
"Buyers are seeing sticker shock, but they're buying anyway," said Laura Barnett of RE/MAX DFW Associates.
Barnett said she listed a house a week ago at $399,900 and it has already sold for $416,000.
"We had five to seven offers. It's like that anywhere. Anything below $500,000 is going to go quickly," she said.
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