Dallas Area Residential Sales Report for July
Sales just keep on coming!
July saw an 11% increase in sales as compared to last July. The average sales price rose 10% while the median sales price climbed 9%. Pending sales were up 5%. The number of new listings increased by 3% while the active listings came in up 10%. The months of inventory remained the same as last month at 2.6 months. We are still well short of the 6 months normally considered a balances market.
Sales under $189,999 are actually negative due to the extreme shortage of lower price properties. The price range between $200,000 and $399,999 continues to be the largest amount of sales. This range represents 49.5% of all sales.
Average Sales Price: $304,996
Median Sales Price: $250,000
Pending Sales: 10,794
New Listings: 13,175
Active listings: 22,660
Months of Inventory: 2.6
Information provided by The Real Estate Center