Dallas Area Residential Sales Report for July
The July numbers are in and are better than expected. After being down 3% in June, July sales bounced back and came in up 6%. I do have to warn you that a number of the Northers Suburbs did not fair as well. I will be reporting on these suburbs as the month goes on so check back.
The average sales price rose 5% as compared to last July. The median sales price was up 6%.
Pending sales were a different story down 3%. The number of new listings increased 4% while the active listings climbed 12%. The months of inventory now stands at 2.8 months. This is well short of the 6 months considered a balanced market.
Sales below $200,000 continue to struggle due to the shortage of inventory. The sweet spot remains the sales between $200,000 to 399,999. This price range represents 53.4% of all sales and has about a 2.5 month supply of homes for sale. The market tilts to the buyers side once you climb above the $600,000 price.
Sales: 10,559
Average Sales Price: $319,744
Median Sales Price: $265,000
Pending Sales: 10,509
New Listings: 13,721
Active Listings: 25,449
Months of Inventory: 2.8
Information provided by The Real Estate Center
#mariesellsdallas #Dallas #realestate #homesforsale
A blog about residential real estate in the Dallas area including Far North Dallas, Richardson, , Plano, Allen, McKinney, Frisco, Prosper, Celina Carrollton-Farmers Branch, Garland, and Wylie.
Subscribe to:
Post Comments (Atom)
Renters are looking to leave New York, Chicago for Dallas.
Renters are looking to leave New York, Chicago for Dallas. Start spreading the news. They’re leaving today…for North Texas
-
Renters are looking to leave New York, Chicago for Dallas. Start spreading the news. They’re leaving today…for North Texas
-
Ability Connection presents Ability Run Walk Rock n' Roll Photo courtesy of Ability Connection Help them to create a state of the a...
No comments:
Post a Comment