Dallas Area Residential Sales Report for January – North Dallas

North Dallas Sales were up 3% in January as compared to last January. The average sales price climbed 37% while the median sales price rose 13%. There were several more sales of million plus homes than normal that pulled up these sales prices. Pending sales fell 5%. Not sure what this means for February sales. The number of new listings dropped 15% and the active listings declined 4%. the months of inventory now stands at 3.9 months. 6 months is considered a balanced market so we are still titled to the sellers side.

Sales: 31

Average Sales Price: $1,213,145

Median Sales Price: $748,750

Pending Sales: 60

New Listings: 106

Active Listings: 250

Months of Inventory: 3.9

Information provided by The Real Estate Center