Dallas Area Residential Sales Report for July

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.

Sales: 10,545

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

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