Dallas' population is 7.4M, with a total workforce of 3.6M. The labor market grew by 116,300 jobs over the past year, up by 3.2%. 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 1,197 active new home projects on the market, 3.6% more than the 1155 from last year. The average list price in the market is $362,915, 0.1% lower than last year and 13.3% above the national average. Over the last three months, new home contracts increased by 6.2% to 7,120. Fort Worth and Frisco had the highest concentration of the new home contracts in the Dallas market.