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.

Sales: 9,433

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

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