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    Lively market

    Dallas-Fort Worth home prices could climb this high in 2021, says new forecast

    John Egan
    Dec 18, 2020 | 9:21 am
    Dallas skyline
    The Dallas-Fort Worth market continues to be hot.
    Photo by Sean Pavone/iStock

    If a new prediction is accurate, the median home price in Dallas-Fort Worth would reach at least $316,000 in 2021, and home sales growth would surpass that of Texas’ three other major metro areas.

    Realtor.com predicts DFW will see combined sales and price growth of 15.7 percent next year in the housing market compared with 2020. That figure puts it at No. 22 in Realtor.com’s ranking of the top 100 major metro areas; it’s the highest ranking among the state’s four major metros. DFW’s 15.7 percent number breaks down to 11.3 percent for sales growth and 4.4 percent for price growth.

    If Realtor.com is correct, the 4.4 percent growth rate for home prices could push the median home price in DFW to more than $316,800 in 2021 from $303,500 in October. That growth rate would be welcome news, though. From October 2019 to October 2020, the median price of a home in DFW jumped 12.4 percent, according to the Real Estate Center at Texas A&M University.

    Meanwhile, projected sales growth of 11.3 percent would make for a busy 2021 for DFW homebuyers and home sellers. Spurred by historically low mortgage interest rates, a record-setting 12,829 homes were sold in DFW in July, the Texas A&M center says.

    “We expect a healthy level of growth across Texas metros in 2021, with prices expected to rise 4 to 5 percent in each of the major metros and sales expected to grow between 5 and 11 percent over 2020,” says Danielle Hale, chief economist at Realtor.com. “An improving economy that drives strong job growth is a big contributing factor in these metros, in addition to above-average household growth.”

    “Younger buyers are already doing well in most of these markets,” Hale adds, “and because they make up an above-average portion of the population in these metros, we expect them to contribute to healthy sales growth.”

    Elsewhere in Texas:

    Austin could be the state’s most challenging market in 2021 for younger homebuyers, Hale says. That’s because Austin is a competitive market where the median home price surged 19.7 percent from November 2019 to November 2020, she says, and because hefty down payments “are a big hurdle for first-time buyers.”

    Among the state’s four major metros, Austin ranks second in the Realtor.com forecast. Its national ranking sits at No. 37, with year-over-year sales growth pegged at 8.6 percent and year-over-year price growth projected to be 4.6 percent for a combined total of 13 percent.

    At No. 47 nationally is San Antonio. There, the sales growth rate in 2021 is expected to be 7.2 percent and the price growth rate is predicted to be 4.3 percent for a combined total of 11.5 percent.

    Houston lands at No. 61 on the Realtor.com list. The website envisions 5.3 percent growth for sales and 4.6 percent growth for prices for a combined total of 9.9 percent.

    At No. 16, El Paso is the top-ranked Texas market in the Realtor.com forecast. The combined 17 percent growth rate envisioned for 2021 comprises 10.6 percent growth in sales and 6.4 percent growth in prices.

    Here are the top five metro markets in Realtor.com’s outlook:

    1. Sacramento, California, 24.6 percent overall growth rate
    2. San Jose, California, 21.6 percent overall growth rate
    3. Charlotte, North Carolina, 19 percent overall growth rate
    4. Boise, Idaho, 18.9 percent overall growth rate
    5. Seattle, 18.4 percent overall growth rate
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    Luxe listing

    Highland Park mansion built for former mayor hits market at $8 million

    John Egan
    Jan 20, 2026 | 3:06 pm
    3900 Normandy, Highland Park
    Photo courtesy of Compass
    The home at 3900 Normandy Ave. in Highland Park is on the market for $8,050,000.

    A French-inspired estate in Dallas' Highland Park enclave that originally belonged to a former mayor has been listed for a little over $8 million.

    The 8,842-square-foot mansion, at 3900 Normandy Ave., occupies a less than half-acre corner lot. The property offers “rare architectural pedigree, historic provenance, and modern luxury,” says the listing from Becky Frey at Compass. It carries a price tag of $8.05 million.

    3900 Normandy, Highland Park

    Photo courtesy of Compass

    The home at 3900 Normandy Ave. in Highland Park is on the market for $8,050,000.

    “Set in one of Highland Park’s most coveted blocks, 3900 Normandy represents a rare opportunity to own a French residence of true significance — designed with intention, built with legacy in mind, and enhanced for modern luxury living,” the listing says.

    The current owners bought the estate in 2007.

    The two-story mansion — built in 1985 for an unidentified former mayor of Highland Park and designed by architect Jack Hubbell — features four bedrooms, six full bathrooms, one half bathroom, a three-car garage, three fireplaces, and a swimming pool and spa.

    3900 Normandy, Highland Park One of several living spaces.Photo courtesy of Compass

    Other highlights include:

    • Vaulted ceilings
    • Private elevator
    • Whole-house power generator
    • Basement
    • Built-in wine cooler
    • Close proximity to the Dallas Country Club, Highland Park Village, Southern Methodist University, and Turtle Creek

    The home’s classic cream-colored façade “opens to graciously scaled interiors designed for both refined entertaining and everyday living,” the listing says.

    “Architectural details, traditional materials, and balanced symmetry speak to the home’s enduring design,” according to the listing, “while modern infrastructure elevates its livability for today’s discerning buyer.”

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    news/real-estate

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