Sales were up a healthy 22% in the North Dallas area in October as compared to a year ago. The average sales price fell 16% while the median sales price dropped 21%. There has been some price adjustments and buyers have been able to purchase homes for around 95% of the list price. Pending sales climbed 15%. The number of new listings rose 12% and the active listings were also up the same amount. The months of inventory now stands at 5.7 months. This is very close to the 6 months considered a balanced market.

Sales: 61

Average Sales Price: $969,549

Median Sales Price: $865,000

Pending Sales: 63

New Listings: 102

Active Listings: 349

Months of Inventory: 5.7

Information provided by The Real Estate Center