Dallas Area Residential Sales Report for February
The market remains strong with home sales rising 10% as compared to last February. Pending sales did even better with an increase of 15%. March will be a positive month!
The average sales price came in with a healthy 8% gain. Median sales price was in line rising 7%.
New listings increased 6% but with all the sales the active listings fell by 5% taking the months of inventory to 3 months. We are half way to a balanced market of 6 months.
Average Sales Price: #318,331
Median Sales Price: #266,620
Pending Sales: 10,166
New Listings: 11,385
Active Listings: 20,723
Months of Inventory: 3
Information provided by The real Estate Center
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