Dallas Area Residential Sales Report for December - Far North Dallas
Sales slowed a little in December coming in at down 7%. The average sales price jumped 36% while the median sales price rose 22%. Those numbers are out of whack due to a substantial number of sales that occurred in the upper price ranges. Pending sales also showed a decline. down 5%. The number of new listings increased by 7%. Active listings climbed 22%. Unfortunately, if you are a buyer, the months of inventory only increased to 2 months. With 6 months considered a balanced market, we are defiantly tilted to the seller's side.
Sales: 77
Average Sales Price: $564,868
Median Sales Price: $452,800
Pending Sales: 56
New Listings: 61
Active listings: 183
Months of Inventory: 2
Information provided by The Real Estate Center
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