Dallas population is 7.5M, with a total workforce of 3.7M. The labor market grew by 121,100 jobs over the past year, up by 3.3%. The median household income in Dallas is $70,322, 4.4% higher than last year and 11.3% above the national average of $63,179.
In the housing market, total permits issued totaled 59,873 over the last twelve months, down 3.7% year-over-year. Dallas has 1,274 active new home projects on the market, 0.6% fewer than the 1,282 from last year. The average list price in the market is $361,249, 3.1% lower than last year and 20.7% above the national average. Over the last three months, new home contracts increased by 23.3% to 8,250. Fort Worth and Frisco had the highest concentration of the new home contracts in the Dallas market.