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.
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