North Dallas Residential Sales Report for October
Sales were up a healthy 22% in the North Dallas area in October as compared to a year ago. The average sales price fell 16% while the median sales price dropped 21%. There has been some price adjustments and buyers have been able to purchase homes for around 95% of the list price. Pending sales climbed 15%. The number of new listings rose 12% and the active listings were also up the same amount. The months of inventory now stands at 5.7 months. This is very close to the 6 months considered a balanced market.
Sales: 61
Average Sales Price: $969,549
Median Sales Price: $865,000
Pending Sales: 63
New Listings: 102
Active Listings: 349
Months of Inventory: 5.7
Information provided by The Real Estate Center
Sales: 61
Average Sales Price: $969,549
Median Sales Price: $865,000
Pending Sales: 63
New Listings: 102
Active Listings: 349
Months of Inventory: 5.7
Information provided by The Real Estate Center
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