Dallas Area Residential Sales Report for May

Dallas Area Residential Sales Report for May

Sales remained good in May. Up 9%. The average sales price rose 4% while the median sales price increases 5%. It looks like we had a few more sales in the upper price ranges that pulled that median number above the average. New listings climber 5%. Active listings jumped 13%. The pending sales number was down 1% and while that’s not huge, it is the first time in many months we have seen a negative number. Just going to have to wait and see what happens. The months of inventory rose to 2.7 months. With 6 months considered a balanced market, we have a long way to go before we get out of the sellers market side of the equation.

Sales: 11,302

Average Sales Price: $323,216

Median Sales Price: 266,500

Pending Sales: 11,161

New Listings: 14,826

Active Listings: 22,425

Months of Inventory: 2.6

Information provided by The Real Estate Center

#mariesellsdallas #Dallashomesales #Dallashomevalues #Dallasrealestate #realestate #homesforsale

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