The weak pending sales numbers from September foretasted the 40% fall in October sales. Pending sales were also weak coming in with a decline of 19%. The average sales price jumped 25% while the median sales price fell 3%. It looks like there was come distortion form normal in the make up of the sales that caused the large increase in the average sales rice. I would go with the median sales price to more accurately reflect the market. New listings increased 15% . Active listings rose 1%. Months of inventory rose to 6.1 months making North Dallas a balanced market.

Sales: 35

Average Sales Price: $1,252,039

Median Sales Price: $840,000

Pending Sales: 51

New Listings: 117

Active Listings: 353

Months of Inventory: 6.1

Information provided by The Real Estate Center

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