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Signs point to a cooling real estate market | Local News

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Signs suggest the red-hot local real estate market may be starting to cool.

According to a recent market update by Rockwall-based M&D Real Estate, signs are pointing to shifts in the local market.

Price appreciation in the national and DFW-area real estate market has skyrocketed the past two years, leading to record home prices throughout the North Texas region. In Hunt County, the median sales price of a single-family home went up 29% from 2021 to 2022, according to the Hunt County Central Appraisal District. And the Rockwall County Appraisal District reported a similar increase in values.

Several market factors, however, signal that values may start to level out in the months to come.

Back in March, a team of economists with the Dallas Federal Reserve produced a report suggesting a bubble was beginning to form in…

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