Dallas Area Residential Sales Report for April

Before showing you the sales numbers, it is important to remember that last April was the first full month of the pandemic. A number of sellers removed they homes from the market, buyers were reluctant to go look at properties, and some sellers took lower offers thy they normally would have. April 2020 saw decreased sales and pending sales and a flat average sales price so the April 2021 numbers are going to be skewed.

Now let’s get to the April Report.

Demand is continuing to outstrip supply with no letup in site.

Sales rose 28% compared to last April. Pending sales jumped 28%. The average sales price increased 28% while the median sales price was 18% higher. New listings came in with a 17% rise. The number of active listings was down 67%. Months of inventory now stands at 0.8 months. That means that at current demand levels the supply of available homes would be exhausted in 24 Days.

Sales: 10,152

Average Sales Price: $409,727

Median Sales Price: $325,000

Pending Sales: 11,495

New Listings: 12,413

Active Listings: 6,967

Months of Inventory: 0.8

Information provided by The Real Estate Center

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