Dallas Area Residential Sales Report for June

Dallas Area Residential Sales Report for June

Well it finally happened! Home sales in the Dallas area fell. Sales declined 3%. Pending sales did show a small increase of 1%. Don’t know if that will translate in to positive sales in July. The average sales price rose 7% as did the median sales price. The number of new listings rose 6%. Active listings increased 12%. The months of inventory now stands at 2.9 months. This is still way short of the 6 months considered a balanced market.

Sales in the $200,000 to $399,999 range continue to be the sweet spot and account for 52.5 % of all sales. Sales under $200,000 remain in negative territory due to the extreme shortage on inventory.

Sales above $500,000 are weakening and the months of inventory are greater that 6 months. It’s a buyer market above $500,000.

Information provided by the Real Estate Center

#mariesellsdallas #Dallashomesales #DallasTX #Dallasrealestate #Dallashomesforsale

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 )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.