Buyers continue to snap up homes

Dallas Area Residential Sales Report for January

Buyers just keep on buying with home sales up 10% in January as compared to last January. Pending sales increased by 8%. The average sales price saw a 15% rise while the median sales price came in 10% higher. New listings fell 19%. With the decline in new listings and with all the sales, The number of active listings dropped by 62% taking the months of inventory down to 1.1 months.

The competition between buyers is fierce for the best homes!

Sales: 7010

Average sales Price: $353,739

Median Sales Price: $285,000

Pending Sales: 9,995

New Listings: 8,966

Active Listings: 7,806

Months of Inventory: 1.1

Information provided by The Real estate Center

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