Far North Dallas Residential Sales Report for September

Sales took a hit in September

Sales fell 14% in September as compared to last September. The average sales price jumped 14% while the median sales price increased 9%. Pending sales declined 12% so it looks like October sales will be down. The number of new listings rose 9% and the active listings were flat. The months of inventory now stands at 2.7 months. With 6 months considered a balanced market, We are still very much into a Seller’s Market.

Sales: 80

Average Sales Price: $488,351

Median Sales Price: $408,000

Pending Sales: 84

New Listings: 143

Active Listings: 250

Months of Inventory: 2.7

Information provided by The Real Estate Center