Dallas population is 7.4M, with a total workforce of 3.7M. The labor market grew by 99,800 jobs over the past year, up by 2.7%. The median household income in Dallas is $70,503, 4.6% higher than last year and 14.9% above the national average of $61,372. In the housing market, total permits issued totaled 60,941 over the last twelve months, up 1.4% year-over-year. Dallas has 1,260 active new home projects on the market, 0.2% more than the 1,258 from last year. The average list price in the market is $362,481, 0.7% lower than last year and 19.7% above the national average. Over the last three months, new home contracts decreased by 7.3% to 7,752. Fort Worth and McKinney had the highest concentration of the new home contracts in the Dallas market.