Dallas Area Residential Sales Report for December - Far North Dallas
Sales bucked the trend in December and were up 33%. The average sales price fell 15% and the median sales price declined 4%. There have been a number of price reductions and it looks like those reductions spurred buyers into action. Pending sales were flat. Not sure what that means for January. New listings fell 31% but the active listings were 6% higher that last December. The months of inventory now stands art 2.2 months which is well short of the 6 months considered a balanced market.
Sales: 97
Average Sales Price: $479,418
Median Sales Price: $436,000
Pending Sales: 56
New Listings: 194
Months of Inventory: 2.2
Information provided by The Real Estate Center
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