No slow-down in sales here!
Single-Family:
Sales were up by 20% in January compared to this time a year ago. The average and the median sales prices both increased by 7%. Sales continue to be skewed to the upper price ranges with the greatest number of sales in the $200,000 to $400,000 range. Pending sales jumped a whopping 40%! No way February will no be an up month. The number of new listings rose by 9% but the active listings continued their decline and were off by 1%. Until we see the active listings start to rise, homes prices will continue to go up. The months of inventory now stands at 2.9 months.
Needless to say it's a seller's market.
Sales : 5,708
Average Sales Price: $245,509
Median Sales Price: $195,020
Pending Sales: 7,930
New Listings: 8,990
Active Listings: 16,270
Months of Inventory: 2.9
If you live in the Dallas area and would like a personalized Comparative Market Analysis (CMA) on your home delivered to your email in just a few minutes, then click the link below to take advantage of this offer.
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