Dallas Area Residential Sales Report for February - Lake Highlands/NE Dallas
February was not a good month for sales. Down 25%. The average sales price declined 3% while the median sales price rose 3%. More troubling than those numbers is the pending sales. Down 35%. Looks like March will no be a good month in this area. Homes for sales also took a hit. New listings dropped 26% and the active listings fell 3%. The shortage of homes to buy is probably contributing to the sales numbers. The months of inventory is very low at 1.7 months. ^ months is normally considered a balanced market.
Sales: 40
Average Sales Price: $393,113
Median Sales Price: $391,000
Pending Sales: 43
New Listings: 70
Active Listings: 111
Months of Inventory: 1.7
Information provided by The Real Estate Center
#lakehighlands #realestate #homesforsale #mariesellsdallas #dallas
No comments:
Post a Comment