Home prices grow below national rate in North Texas

​​DALLAS – North Texas home prices grew just 3.9 percent in the latest nationwide comparison, half the rate seen in early 2017.

This was the smallest year-over-year home price gain for Dallas-Fort Worth ​in more than six years in the ​Standard & Poor's/CoreLogic Case-Shiller Home Price Index.

A slowdown in home buys and rising inventories of houses on the market put the brakes on Dallas-area price increases this year.

Even with the recent cooling of appreciation, regional home prices are 50 percent ahead of where they were before the last recession. 

Nationwide, prices were 5.5 percent higher in October than a year earlier. Home price appreciation across the country slowed for the third month in a row.

The slowdown in sales in recent months has cooled home price gains in many U.S. markets.

The index tracks the prices of specific single-family homes located in each metropolitan area over time. It does not include condominiums and townhouses. It covers only pre-owned properties, not new construction.