Dallas Area Residential Sales Report for May - North Dallas

Dallas Area Residential Sales Report for May - North Dallas

Sales in North Dallas took a hit in May. Down 6%. Pending sales also declined by 5%. not sure if this is the start of a trend or just a hiccup. The average sales price rose 16%. The median sales price climbed 13%. Looks like there were several large sales that pulled up these averages. The bad news is a drop of 21% in the number of new listings and a corresponding fall of 11% in the active listings. Not good news if you are a buyer.

Sales: 84
Average Sales Price: $1,298,680
Median Sales Price: $1,003,900
New Listings: 71
New Listings: 107
Active Listings: 343
Months of Inventory: 5.6

Information provided by the Real Estate Center

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