Dallas Area Residential Sales Report by Price Class

Single-Family:

Sales under $139,999 continue to struggle with year to date sales down by double digit numbers. A lot of home in this price range have difficulty qualifying for loans due to condition and the buyers are mostly flippers or people looking for rental property.

Homes in the $140,000 to $159,999 are down by single digits. This price range tends to be up one month and then down the next depending on the quality of the homes that come on the market.

The range from $160,000 to $199,999 has the shortest supply with the months of inventory standing at 0.9 months. Homes in this range represent 15.1% of the total market.

The sweet spot in the market continues to be the range from $200,000 to $399,999. Sales in this range represent 43% of the total sales. Buyer demand remains very strong and the best homes go quickly and usually with multiple offers. There is about a 1.8 months supply in this category.

Sales from $400,000 to $699,999 are up around 24%. and are about 10% of the total sales. Inventory is a little better at 4 months but this is still a very tight market.

The $700,000 to $999,999 range is up around 15% year to date. The months of inventory of about 6.5 months is the first time we move from a sellers market to a buyers market.

The $1,000.000 plus had a nice increase in sales in November and are up 13% year to date. The months of inventory fell from 12 months down to 10 months. We are still in a buyers market in this price category.

Information provided by The Real Estate Center.