Dallas Area Residential Sales Report for February – North Dallas

Dallas Area Residential Sales Report for February – North Dallas

The top end of the market has been struggling with a shortage of buyers and it;s showing up in north Dallas Sales. In February sales were off 5%. More troubling was the sharp 20%decline in pending sales. This does not bode well for the March sales number. The median sales price did increase 12%. The number of new listings fell 16% while the active listings dropped 5%. The months of inventory stands at 4.5 months.

Sales: 53

Average Sales Price: $1,811,996

Median Sales Price: $811,060

Pending Sales: 52

New Listings: 109

Active Listings: 284

Months of Inventory: 4.5

Information provided by The Real Estate Center

#dallas #dallashomesforsale #Dallasrealestate #dallastx

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 )

w

Connecting to %s