Dallas Area Residential Sales Report for August

Single Family home sales rose 5% in august as compared to last August. Pending sales came in with a 4% gain. The average sales price increased 2% while the median sales price climbed 4%. New listings were no help to buyers with a 0% rise. Active listings were 4% higher. The months of inventory remains low at 2.9 months.

The most active segment of the market remains the price range between $200,000 and $399,999. This range accounts for 56.9% of all sales. All price ranges below $199,999 have declining sales due to the shortage of properties in these ranges. The market tilts to the buyer side once you get above $700,000.

Sales: 10,911

Average Sales Price: $319,463

Median Sales Price: $269,900

Pending Sales: 10,267

New Listings: 12,827

Active Listings: 26,754

Months of Inventory: 2.9

Information provided by the Real Estate Center

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