Dallas population is 7.5M, with a total workforce of 3.7M. The labor market grew by 124,600 jobs over the past year, up by 3.4%. The median household income in Dallas is $70,608, 4.8% higher than last year and 15.0% above the national average of $61,372.
In the housing market, total permits issued totaled 58,011 over the last twelve months, down 8.6% year-over-year. Dallas has 1,258 active new home projects on the market, 0.3% fewer than the 1,262 from last year. The average list price in the market is $365,199, 3.4% lower than last year and 16.8% above the national average. Over the last three months, new home contracts increased by 14.2% to 8,393. Fort Worth and Frisco had the highest concentration of the new home contracts in the Dallas market.