North Dallas Residential Sales Report for September

North Dallas Residential Sales Report for September

Sales were up

Sales in the North Dallas Area rose 5% in September as compared to last September. The average sales price fell 24% while the median sales price dropped 18%. Nothing to be concerned about with these numbers. Just a couple of million plus houses that did not close. Pending sales were up a whopping 80%. October will certainly be a positive sales month. The number of new listings increased 9% as did the active listings. The months of inventory now stands at 5.8 months. this is very close to the 6 months normally considered a balanced market.

Sales: 64

Average Sales Price: $940,280

Median Sales Price: $750,000

Pending Sales: 72

New Listings: 120

Active Listings: 354

Months of Inventory: 5.8

Information provided by The Real Estate Center

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