Dallas Area Residential Sales Report for March - North Dallas
March was not a good month for North Dallas. Sales declined 9% as compared to last March. Pending sales fell 28%. We are seeing a slowdown in the upper price ranges so this is not a surprise. The average sales price increased 7% and the median sales price was also up 7%. The number of new listings dropped 18% while the active listings were down by 6%. The months of inventory stands at 5.1 months. Very close to the 6 months that is considered a balanced market.
Sales: 67
Average Sales Price: $1,125,965
Median Sales Price: $862,500
Pending Sales: 68
New Listings: 129
Active Listings: 321
Months of Inventory: 5.1
Information provided by the Real Estate Center
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