Far North Dallas Residential Sales Report for January

Sales increased 26% in January as compared to the same time last year. The average sales price dropped 4% but the median sales price increased 3%. Looks like just gyration in the makeup of the sales. Pending sales were up 15% so we can anticipated that February sales will show an increase. The number of new listings fell 11% and the active listings dropped 22%. The months of inventory now stands at 1.5 months. With supply continuing to shrink prices can not do anything but go up.

Sales: 67

Average Sales Price: $442,105

Median Sales Price: $386,560

Pending Sales: 83

New Listings: 89

Active Listings: 137

Months of Inventory: 1.5

Information provided by The Real Estate Center

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