Far North Dallas Residential Sales Report for January

Single-Family:

Sales were up by 37% in January. The average sales price was down by7% but the median price was up by 12%. Pending sales showed a dip of 11%. The number of new listings declined by 16% while the active listings dropped by 5%. Nothing new here. Same story. No inventory. The months of supply is now at 1.4 months.

Sales: 70

Average Sales Price: $379,043

Median Sales Price: $340,000

Pending Sales: 65

New Listings: 91

Active listings: 144

Months of inventory: 1.4

Condos and Townhouses:

Sales increased by 10%. The average sales price declined by 1% while the median sales price jumped by 33%. Pending sales dropped by 23%. the number of new listings was down by 10% and the active listings by 36%. The months of inventory is 1 month. Very difficult to find a condo or a townhouse with this short supply.

Sales: 33

Average Sales Price: $138,978

Median Sales Price: $116,500

Pending Sales: 31

New Listings: 35

Active Listings: 45

Months of inventory: 1.0

Leases:

Residential leases were off by 33%. the average rental rate declined by 2% while the median rate increased by 3%. Pending leases jumped by 117% but this was comming off a very low number from last year. The number of new listings dropped by 14% and the active listings declined by 4%. The months of inventory  is at 1.5 months.

Leases: 34

Average rental: $1,751

Median Rental: $1,750  

Pending Leases: 13

New Listings: 54

Active Listings: 67

Months of inventory: 1.5

Information provided by The Real Estate Center at Texas A&M.