Dallas population is 7.6M, with a total workforce of 3.8M. The labor market grew by 79,100 jobs over the past year, up by 2.1%. The median household income in Dallas is $70,927, 2.1% higher than last year and 12.3% above the national average of $63,179.
In the housing market, total permits issued totaled 63,225 over the last twelve months, up 3.3% year-over-year. Dallas has 1,251 active new home projects on the market, 5.6% fewer than the 1325 from last year. The average list price in the market is $353,051, 3.5% lower than last year and 9.8% above the national average. Over the last three months, new home contracts increased by 4.7% to 8,898. Fort Worth and Frisco had the highest concentration of the new home contracts in the Dallas market.
