Dallas Area Residential Sales Report for October

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

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