Dallas Area Residential Sales Report for February - Far North Dallas
Sales were not good in Far north Dallas as buyers retreated for the high price market areas. Sales fell 32% and pending sales were not much better down 20%. not setting up for a good March. The average sales price fell 3%. The median sales price declined 15% an additional indication of weak sales in the upper price ranges. new listing rose 19%. The number of active listings jumped up 37% compared to last February. Months of inventory now stands at 3 months. Still well short of the 6 months considered a balanced market.
Sales: 49
Average Sales Price: $464,832
Median Sales Price: $383,000
Pending sales: 75
New Listings: 135
Active Listings: 250
Months of Inventory: 3
Information provided by The Real Estate Center
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