Dallas Area Residential Sales Report for February – Far North Dallas
Wow! Buyers were snapping up Far North Dallas homes in February. Home sales jumped up 32% compared to last February. Pending sales did not keep up however coming in down 4%. Not sure what that will mean for March.
The average sales price fell 2% but the median sales price rose 16%. Looks like a number of the sales were concentrated in the upper price ranges.
New listings declined 21% and the active listings fell 29%. The months of inventory now stands at 2 months. this is not good news if you are a buyer.
Average Sales Price: $450,614
Median Sales Price: $444,900
Pending Sales: 72
New Listings: 107
Active Listings: 177
Months of Inventory: 2
Information provided by the Real Estate Center
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