Dallas Area Residential Sales Report for March – Far North Dallas

Inventory could not keep up with sales

Home sales were up a whopping 51% in March compared to last March. Pending sales climbed 20%. The average sales price rose 12% while the median sales price increased 2%. New listings came in with a 32% jump but this could not keep up with all the sales so the active listings dropped by 67%. Months of inventory now stands at 0.7 months.

Sales: 107

Average Sales Price: $598,404

Median Sales Price: $501,500

Pending Sales: 110

New Listings: 127

Active Listings: 67

Months of Inventory: 0.7 months

Information provided by The Real Estate Center

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