Dallas Area Residential Sales Report for January

Dallas Area Residential Sales Report for January

The Dallas area just keeps on keeping on with home sales!

Sales in January were 12% higher than last January. The average sales price rose 3% and the median sales price climbed 5%.Pending sales increased 4%. The number of new listings were up 3%. The active listings came in with a 6% increase. Months of inventory now stands at 2.7 months. Not great news if you are a buyer but fantastic if you are a seller.

In looking at the sales distribution, not much has changed. The price range of $200,000 to $399,999 is where we find about half of all sales. In the price ranges from $100,000 to $199,999 demand is extremely high but inventories are extremely low. Inventory levels in this range are about 1.5 months.

Sales above $1,000,000 had been hot but now have slowed down. There is a 17.5 months supply of these homes. So if you are in the market for a million plus home, now is a good time to buy!

Sales: 6,246

Average Sales Price: $279,023

Median Sales Price: $235,500

Pending Sales: 8,376

New Listings: 9,684

Active Listings: 17,072

Months of Inventory: 2.7

Information provided by The Real Estate Center

#Dallas #real estate #Dallas homes for sale

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.