Dallas Area Residential Sales Report for January

Dallas area homes sales declined 10% in January as compared to last January. Pending sales were a little better only off by 4%. The average sales price eked out a 3% gain while the median sales price rose 2%. New listings increased 10%. Active listings came in 28% higher than last January. The months of inventory now stands at 4.1 months. We are getting closer to the 6 months considered a balanced market.

Sales: 5,295

Average Sales Price: $286,467

Median Sales Price: $240,000

Pending Sales: 8,072

New Listings: 10,656

Active Listings: 21,851

Months of Inventory: 4.1

Information provided by The Real Estate Center

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