Sales were off but pending sales were up!
Sales fell by 22% in December as compared to a year ago however, pending sales were up by 11% so this looks like just some monthly aberration. The average sales price declined by 13% while the median sales price rose by 5%. Again, just an odd grouping of sales. New listings dropped by 6%. The number of active listings declined by 1% and this dropped the months of inventory to 1.6 months. It’s a seller’s market.
Sales: 77
Average Sales Price: $393,758
Median Sales Price: $369,900
Pending Sales: 61
New Listings: 62
Active Listings: 156
Months of Inventory: 1.6
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Information provided by The Real Estate Center at Texas A&M
Marie Sells Dallas 