Dallas Area Residential Sales Report for December – Far North Dallas

Dallas Area Residential Sales Report for December – Far North Dallas

Sales bucked the trend in December and were up 33%. The average sales price fell 15% and the median sales price declined 4%. There have been a number of price reductions and it looks like those reductions spurred buyers into action. Pending sales were flat. Not sure what that means for January.  New listings fell 31% but the active listings were 6% higher that last December. The months of inventory now stands art 2.2 months which is well short of the 6 months considered a balanced market.

Sales: 97

Average Sales Price: $479,418

Median Sales Price: $436,000

Pending Sales: 56

New Listings: 194

Months of Inventory: 2.2

Information provided by The Real Estate Center

#mariesellsdallas #FarNorthDallas #Dallashomes #DallasRealEstateAgent

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