Sales were off slightly.
Single-Family:
Sales were off by 2% in May. Nothing to be concerned about here because pending sales took a 24% jump. Just some gyrations in closings. The average sales price declined by 4% while the median sales price was down by 1%. Again nothing to be concerned about. The number of new listings dropped by 6% while the active listings rose by 3%. The months of inventory now stands at 1.5 months
Sales: 332
Average Sales Price: $358,081
Median Sales Price: $315,000
Pending Sales: 381
New Listings: 450
Active Listings: 456
Months of Inventory: 1.5
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Information provided by The Real Estate Center at Texas A&M.
Marie Sells Dallas 