Spring has just sprung but it's already blazing hot in the Dallas housing market.
The Dallas-Fort Worth area is again on the list of Realtor.com's hottest U.S. home markets.
DFW was ranked just after Vallejo, Calif., and San Francisco as areas where the most people are shopping for homes.
"Calendars might say spring is only a week old, but we're already in the thick of the most frenzied spring home buying season on record," Realtor.com research manager Javier Vivas said in the marketing website's March report. "The median days on market for homes on Realtor.com in March saw the biggest drop since the end of the recession, and half of homes are now selling in less than 69 days nationally.
"Low inventory continues to be a significant problem, but record-high prices are also keeping waves of buyers at bay."
In the DFW area in March it took only 38 days on average to sell a house listed for sale with property agents.
Realtor.com said the usually strong spring housing surge around the country is coming about a month earlier than usual.
In March the nationwide median home list prices rose above $250,000 for the first time to $260,000 — 8% higher than a year earlier.
North Texas median home sales prices during the first two months of this year have shot up by 14% compared to the same period in 2016.
DFW area housing costs are now at an all-time high.
