Dallas Area Real Estate Report – A Look Back at 2017

Dallas Area Real Estate Report – A Look Back at 2017

Another Record Year in Single-Family Home Sales!

Single-Family home sales increased 6% year over year taking out last years record homes sales. New record average sales prices and median sales prices also occurred. The average price rose 8% while the median price climbed 9%. Pending sales increases by 4%. The number of new listings expanded by 7%. The active listings came in up 8% year over year.

The hot spot in the market was sales between $200.000 and $400,000. This price range represented about 50% of all sales. Sales of homes over $1,000,000 increased 21% while sales under $180,000 declined due to a extream shortage of supply.

Sales: 106,099

Average Sales Price: $297,510

Median Sales Price: $245,000

Pending Sales: 113,967

New Listings: 135,471

Active listings: 19,734

Information provided by The Real Estate Center

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