North Dallas Residential Sales Report for May

May was a good month

Sales of large homes went well in May. The large homes in north Dallas experienced a 38% increase in sales during May. The average sales price increased 2% while the median sales price jumped 14%.

Pending Sales were up 10% so we can anticipate sales will be up in June. New listings rose 29% and the active listings climbed 8%. If you are looking to purchase a large home in north Dallas, now is a good time with the months of inventory at 6.5 months, slightly tilted to the buyer side.

Sales: 95

Average Sales Price: $1,123,770

Median Sales Price: $887,500

Pending Sales: 75

New Listings: 135

Active Listings: 387

Months of Inventory: 6.5

Information provided bu the Real Estate Center