Inventory continues to fall.

Dallas Area Residential Sales Report for November – Far North Dallas

Single Family home sales rose 8% as compared to last year. Pending sales jumped 39% so we can anticipate that December will be a positive month. The average sales price rose 6% but the medina sales price cane in 12% higher. Looks like sales we skewed to the higher end properties. The number of new listens increased 12% but that was not enough to offset the sales and active listings fell 46%. Months of inventory now stands at 1.5 months.

Sales: 93

Average Sales Price: $555,902

Median Sales Price: $480,000

Pending Sales: 104

New Listings: 93 Active Listings: 132

Months of Inventory: 1.5

Information provided by the real Estate Center

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