How Dallas's Real Estate Has Changed Over the Past Decade

By Steven – Managing Partner at Refind Realty

Over the last 10 years, Dallas has experienced a real estate transformation unlike any other major city in Texas. As someone who’s been working in this market day in and day out, I’ve witnessed the incredible shifts in pricing, demand, neighborhoods, and development firsthand.

Here’s a look at what has changed and how it affects buyers and sellers in today’s market.

Home Prices Have Risen Steadily

A decade ago, Dallas homes were significantly more affordable. Since then, we’ve seen a steady increase in prices due to strong job growth, population increases, and national investor interest. If you purchased a home in Dallas in 2014, chances are it’s appreciated in value well above the national average.

Urban Living Became More Popular

Areas like Uptown, Bishop Arts, and Deep Ellum have undergone major revitalization. Younger buyers and professionals have been drawn to these urban pockets, which has led to a boom in condos, townhomes, and mixed-use developments.

Suburbs Grew Fast

Frisco, Plano, McKinney, and Allen all became hotspots for families looking for more space. These suburbs have expanded their schools, infrastructure, and business hubs to meet demand. The growth of corporate campuses and tech centers has added even more fuel to the suburban boom.

Inventory Challenges Emerged

Post-pandemic, we’ve seen periods of low inventory. This shift has made the market more competitive, with multiple offer situations becoming the norm in many Dallas neighborhoods.

New Construction Became a Key Player

With limited resale inventory, new construction has surged. Master-planned communities, custom builds, and infill developments are becoming increasingly common, particularly in growing suburbs.

Shift in Buyer Priorities

Remote work and lifestyle changes have influenced what buyers are looking for. Bigger home offices, larger backyards, and flexible living spaces are now at the top of buyers' wish lists.

Increased Diversity in Home Options

From luxury high-rises to historic neighborhoods to starter homes in up-and-coming areas, Dallas now offers more choices for a wide range of budgets and lifestyles.

As Dallas continues to evolve, one thing remains constant: real estate here is about opportunity. Whether you're thinking of buying, selling, or investing, staying informed about market trends is crucial.

FAQs

Q: Is now a good time to sell my home in Dallas?
A: Yes. With low inventory and steady demand, many sellers are receiving strong offers. I can help you price and market your home effectively.

Q: How has the value of homes changed in Dallas over the last decade?
A: Home values have risen consistently, especially in urban neighborhoods and growing suburbs. Many areas have seen double-digit appreciation.

Q: Are there still affordable neighborhoods in Dallas?
A: Absolutely. While prices have gone up, there are still emerging neighborhoods that offer great value. I can help you explore those options.

Q: Has the pandemic permanently changed the Dallas housing market?
A: It’s definitely influenced buyer preferences and accelerated trends like remote work, but the core of Dallas’s appeal remains strong.

Q: What areas in Dallas are considered the best for long-term investment?
A: Areas undergoing revitalization like Oak Cliff, The Cedars, and portions of East Dallas continue to show strong long-term potential.

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