Dallas Area Residential Sales Report for December


Well after Novembers huge jump of 26% in sales, December slowed down. Sales were up 3% as compared to a year ago. The average sales price rose 8% while the median sales price  increased 10%. Sales continue to be concentrated in the upper price ranges. Pending sales fell 2%. Would not read anything in to that. New listings increased 1% but the active listings fell 1%. The months of inventory dropped to 1.9 months. We are even more tilted to favor the Seller!

Sales: 8,365

Average Sales Price:$283,658

Median Sales Price: $232,000

Pending Sales: 6,073

New Listings: 6,172

Active Listings: 16,401

Information provided by The Real Estate Center

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