North Dallas Residential Sales Report for July

Sales were up 18% in North Dallas in July as compared to the same time last year. The average sale price increased by 16% and the median sales price rose 21%. Had a number of million plus homes sell that pulled up the median price. Pending sales were up a strong 11% so we can anticipate that August sales numbers will be positive. New listings climbed 16% and the active listings were up 9%.

The months of inventory now stands at 6 months. The supply/demand in this area is in balance.

Sales: 59

Average Sales Price: $989,279

Median Sales Price: $850,000

Pending Sales: 70

New Listings: 114

Active Listings: 371

Months of Inventory: 6

Information provided by The Real Estate Center