Dallas Area Residential Sales Report for March

Home sales eked out a 1% gain compared to last March. However all is not rosy in the northern suburbs. Keep checking in over the month OT see how sales fared as I report their numbers.

The average sales price was flat while the median sales price increased 2%.  New listings climbed 2%. The active listings are 20% higher than last year. There is now a 3.3 months supply on the market. this is still well short of the 6 months considered a balanced market.

As in the past, sales are concentrated in the $200,000 to $400,00 range and represent 53.7% of all sales. If you are looking for any thing below $200,000, you will have a very difficult time. Sales from $400,000 to %999,999 have slowed. Sales above one million were up 3% and there is a 13.9 month supply.

Sales: 8987

Average Sales Price: $314,3675

Median sales Price: $262,000

Pending sales: 10,921

New Listings: 13,380

Active Listings: 23,051

Months of Inventory: 3.3

Information provided by The Real Estate Center

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