Dallas Area Residential Sales Report for October
Buyers just keep on buying!
No slow down in sales around here. October sales numbers were up 13% as compared to last October. The average sales price was up 4% while the median sales price rose 7%. Pending sales were up 6% so we can anticipate November will be a positive month. The number of new listings increased 7%. Active listings were 11% higher. Even with this increase in homes on the market, the months of inventory fell from 2.5 in September to currently 2.4 months.
The trend has not changes with 48.6% of all sales in the $200,000 to $399,000 range. If you are a buyer looking in the range of $100,000 to $200,000 you know you are having a very hard time. There is only about a 1 month supply. Things are a little better for buyers in the $500,000 to $899,999 area. There’s around a 5 months supply to chose from. If you are above $900,000, you are in a Buyer’s Market.
Information provided by The Real Estate Center