Dallas Area Residential Sales Report for December – North Dallas

Dallas Area Residential Sales Report for December – North Dallas

Sales shot up 62% when compared to last December. The average sales price jumped 22% while the median sales price took a leap of 32%. These numbers reflect last Decembers weakness and a large number of sales in the over $1,000,000 category. Pending sales climbed 16%. The number of new listings fell 39%. The active listings were flat. The months of inventory declined to 3.7 months. Well short of the 6 months considered a balanced market.

Sales: 81

Average Sales Price: $1,327,744

Median Sales Price: $1,178,000

Pending Sales: 44

New Listings: 35

Active Listings: 236

Months of Inventory: 3.7

Information provided by The Real Estate Center

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