Dallas Area Residential Sales Report for April – North Dallas

Sales in North Dallas were up 3% as compared to a year ago. The average sales price declined 4% but the median sales price rose 2%. Just looks like some gyrations in the markup of the April Sales but prices have been moderation over the last several months and especially in the high-end market.

A little more concerning is the 13% decline in the pending sales number. Not looking good for May.

The number of new listings fell 5%. The active listings also dropped 5%. This declined in listings took the months of inventory down to 5.6 months. Very close to the 6 months considered a balanced market.

Sales: 64

Average Sales Price: $1,108,008

Median Sales Price: $909,250

Pending Sales: 82

New Listings: 133

Active Listings: 347

Months of Inventory: 5.6

Information provided by The Real Estate Center

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