Dallas Area Residential Sales Report for October

Dallas Area Residential Sales Report for October

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Sales of single-family homes were up 11% compared to last October. The average sales price rose 5% and the median sales price increased 6%. Pending sales showed a healthy 12% increase so we can anticipate a positive number in November. The number of new listings climbed 7%. The active listings came in up 1%. The months of inventory remains low at 2.8 months.

The hot spot remains the range between $200,000 and $399,999 with about 56% of all sales. Price ranges below $200,000 continue to show negative sales numbers due to the extremely small inventory available. Sales from $400,000 to $699,000 increased around 5% and those a million and above rose 2%.

Sales: 9,084

Average Sales Price: $315,481

Median Sales Price: $264,000

Pending Sales: 9,241

New Listings: 11,415

Active Listings: 25,438

Months of Inventory: 2.8

Information provided by The Real Estate Center

#DallasHomes #realestate

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