Dallas Area Residential Sales Report for January

No slowdown in sales around here!

Sales were up 8% as compared to this time last year. The average sales price increased 12% while the median sales price jumped 15%. These averages are being pulled up not only by increasing sales prices but also by the fact that there are very few sales occurring under $200,000 due to the extreme inventory shortage. Pending Sales only increased by 1%. The number of new listings rose by 4% but the active listings fell by 1%. There is a 2.7 months supply on the market.

Sales: 5,863

Average Sales Price: $273,057

Median Sales Price: $225,000

Pending Sales: 8,031

New Listings: 9,377

Active Listings: 16,092

Months of Inventory: 2.7

Information provided by The Real Estate Center

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