Inventory levels are extremely low!
Dallas Area Residential Sales Report for November
Sales were 23% higher than last November. Pending sales rose 18% The average sales price increased 16% while the median sales price climbed 18%. New listings declined 6% and with all the sales active listings dropped 55% taking the months of inventory down to 1.1 month.
With all my years in real estate, I have never seen so few homes for sale. Buyers are really struggling and the competition is fierce for the best listing.
Average Sales Price: $360,704
Median sales Price: $295,000
Pending Sales: 9,653
New Listings: 8,263
Active Listings: 10,624
Months of Inventory: 1.1 months
#mariesellsdallas #RealEstateDallas #HomesForSaleDallas