Dallas Area Residential Sales Report for August – North Dallas

North Dallas fared better than other areas in August. Sales were up 4% and the pending sales came in at up 20%. Looks like high-end buyers were out spending money. The average sales price jumped 31% as compared to the same time last year. The median sales price also was up a sharp 30%. New listings rose 36%. However, the active listings declined 7%. The months of inventory is now at 5.6 months. Very close to a balanced market.

Sales: 70

Average Sales Price: $1,569,339

Median Sales Price: $1,168,100

Pending Sales: 61

New Listings: 113

Active Listings: 336

Months of Inventory: 5.6

Information provided by The Real Estate Center

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