Dallas population is 7.5M, with a total workforce of 3.8M. The labor market grew by 126,100 jobs over the past year, up by 3.4%. The median household income in Dallas is $70,851, 2.0% higher than last year and 12.1% above the national average of $63,179.
In the housing market, total permits issued totaled 63,678 over the last twelve months, up 5.4% year-over-year. Dallas has 1,255 active new home projects on the market, 4.3% fewer than the 1312 from last year. The average list price in the market is $364,064, 1.7% higher than last year and 4.6% above the national average. Over the last three months, new home contracts increased by 19.7% to 8,083. Frisco and Fort Worth had the highest concentration of the new home contracts in the Dallas market.