Dallas Area Residential Sales Report – Far North Dallas

Home sales were flat in Far north Dallas in January. Pending sales were a different story down 30%. Not looking good for February. The average sales price took an 11% hit while the median sales price declined 12%. The number of new listings increased 18%. Active listings were up 31%. Even with the declining sales and increase in inventory the months of inventory remains low at 2.6 months. Buyers do not have much to choose from.

Sales: 43

Average Sales Price: $401,469

Median Sales Price: $375,000

Pending Sales: 61

New Listings: 114

Active Listings: 221

Months of Inventory: 2.6

Information provided by The Real Estate Center