These Dallas-Fort Worth cities have some of the fastest-growing real estate markets in Texas, report says
Real estate in Grand Prairie is a hot commodity.
The city ranks fourth on a report that listed AceableAgent’s “Fastest Growing Real Estate Markets” in Texas. According to AceableAgent, this is the state’s largest online real estate school.
The list is based on a holistic assessment of population growth, property prices and economic activity across the state, according to a press release. The rankings taken into account in property listings and census data providers, as well as mean list price changes, population growth, employment growth, and the length of time homes have remained in the market, the agency said.
Grand Prairie ranked high for home listings due to its fast turnaround time, the agency said. On average, houses are only on the market for 21 days. The fact that it is between Dallas and Arlington has also appealed to researchers.
While Austin received the highest accolade, cities in North Texas showed good results: Flower Mound is number 2 and Fort Worth is third. Irving followed Grand Prairie in 5th place, followed by Katy and Austin, the Leander and Round Rock exurbs.
Flower Mound, Grand Prairie, and Irving are benefiting from a general trend of downtown exodus, according to AceableAgent.
“These cities are close enough to Dallas and Fort Worth to have good access to the business centers that have offices there, but far enough to offer lower prices per square meter and better functionality in terms of available housing,” it said it in the report. “2020 has changed the way we think about our living spaces, and having more space for a family to live and grow has become more important than easy access to the city center.”