Dallas Area Residential Sales Report for February – Condos and Townhomes

Condos and townhomes sales did better than single family in February

Sales were up 30% as compared to last February. Pending sales rose 25%. The average sales price increased 22% while the median sales price came in with a 25% increase. Inventory continues to be a problem. New listings dropped 25% and active listings fell 37%. The months of inventory is now at 2.4 months. 6 months is considered a balanced market. If you happen to be in the market for a condo over $1,000,000 you have a lot to chose from with a months of inventory at 10.1 months in this price range.

Sales: 579

Average Sales Price: $331,594

Median Sales Price: $302,920

Pending Sales: 737

New Listings: 668

Active Listings: 1,266

Months of Inventory: 2.4

Information provided by The Real Estate Center

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