Dallas Area Residential Sales Report for November – Far North Dallas

Home sales were brisk in the Far north Dallas Area with sales up 27% in November as compared to last November. Pending sales did not do as well down 9%. The average sales price climbed 2% as did the median sales price. Now the bad news for buyers. The number of new listings dropped 21% and the active listings declined 6% taking the months of inventory down to 2.8 months. 6 months is considered a balanced market.

Sales: 85

Average Sales Price: 532.546

Median Sales Price: $437,500

Pending Sales: 75

New Listings: 83

Active Listings: 243

Months of Inventory: 2.6

Information provided by The Real Estate Center

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