Dallas Area Residential Sales Report for April
Well the April sales numbers are in and they aren’t as bad as other parts of the country. Home sales fell 17% in April as compared to last April. Pending sales declined 22%. The average sales price was flat while the median sales price increased 5%. As expected new listings dropped 26% taking the number of active listings down 13%. The months of inventory now stands at 2.7 months.
Sales under $200,000 continue to be down by double digits. The supply is so small and declining every month. There is just not much for a buyer to choose from.
Sales in the $200,000 to #400,000 range remain the hot spot in the market making up over 57% of the market. There is less than a 3 months supply.
We did see an increase in the homes price in the $400,000 to $499,999 range.
Sales in the over million dollar range saw a small decline and are in a buyers market.
Buyers are in the market. Showing during the May 1 to May 9th time period are up 1.9% compared to 2019 and represent an increase of 71.3% since early April.
Inventory is in short supply and buyers will have a hard time finding that dream home. You are going to need an agent that can get you in the best properties as they come on the market. Give me a call at 972-816-5197 or email me at firstname.lastname@example.org and lets get started finding that dream home.
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Average Sales Price: $322,136
Median Sales Price: $278,650
New Listings: 10,511
Active Listings: 20,881
Pending Sales: 8,991
Months of Inventory: 2.7
Information provided by The Real Estate Center
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