Dallas' population is 7.4M, with a total workforce of 3.6M. The labor market grew by 117,600 jobs over the past year, up by 3.3%. The median household income in Dallas is $66,126, 3.6% higher than last year and 7.7% above the national average of $61,372. In the housing market, total permits issued totaled 62,292 over the last twelve months, up 3.0% year-over-year.
Dallas has 1,220 active new home projects on the market, 2.7% more than the 1188 from last year. The average list price in the market is $379,833, 3.7% higher than last year and 18.7% above the national average. Over the last three months, new home contracts increased by 0.6% to 6,833. Fort Worth and Frisco had the highest concentration of the new home contracts in the Dallas market.