Dallas Area Residential Sales Report for May – Condos and Townhomes

Dallas Area Residential Sales Report for May – Condos and Townhomes

condo

The condo and townhome market was just as effected as single-family home in May with sales down 39%. One must remember that these sales were contracted for in March and April and that buyers did return to the market in May with pending sales up 13%. Shortest recession in history! The average sales price did fall 3% while the median sales price declined 8%. We did  and active listings see a 3% increase in the number of new listings and active listings were flat. That’s much better that the single-family market did.

Sales: 401

Average Sales Price: $275,531

Median Sales Price: $240,000

Pending Sales: 698

New Listings: 974

Active Listings: 2,212

Information provided by The Real Estate Center

#CondosDallas #RealEstateDallas

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