North Dallas Residential Sales Report for September
Sales were up
Sales in the North Dallas Area rose 5% in September as compared to last September. The average sales price fell 24% while the median sales price dropped 18%. Nothing to be concerned about with these numbers. Just a couple of million plus houses that did not close. Pending sales were up a whopping 80%. October will certainly be a positive sales month. The number of new listings increased 9% as did the active listings. The months of inventory now stands at 5.8 months. this is very close to the 6 months normally considered a balanced market.
Sales: 64
Average Sales Price: $940,280
Median Sales Price: $750,000
Pending Sales: 72
New Listings: 120
Active Listings: 354
Months of Inventory: 5.8
Information provided by The Real Estate Center
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