Dallas Area Residential Sales Report for May – North Dallas

Sales in North Dallas took a hit in May. Down 6%. Pending sales also declined by 5%. not sure if this is the start of a trend or just a hiccup. The average sales price rose 16%. The median sales price climbed 13%. Looks like there were several large sales that pulled up these averages. The bad news is a drop of 21% in the number of new listings and a corresponding fall of 11% in the active listings. Not good news if you are a buyer.

Sales: 84

Average Sales Price: $1,298,680

Median Sales Price: $1,003,900

New Listings: 71

New Listings: 107

Active Listings: 343

Months of Inventory: 5.6

Information provided by the Real Estate Center

#mariesellsdallas #Dallasrealestate #Dallashomevalues #NorthDallas #realestate #homesforsale