Dallas Area Residential Sales Report for May

We are still getting distortion in the yearly comparisons due to the COVID-19 Virus

In May of 2000 we were just coming out of the lock down so sales were down. If you would like to see the May 2020 report, here is a link https://wordpress.com/post/mariesellsdallas.com/27725.

Home sales rose 27% compared to last May. Pending sales however were down 12%. It looks like buyers are having a hard time finding that dream home at a price they can afford. The average sales price jumped 34% while the median sales price rose 26%. We continue to have supply problems with new listings falling 12%. The active listings came in with a 64% decline. Months of inventory now stands at 0.8 months.

Sales: 10,712

Average Sales Price: $426,040

Median Sales Price: $341,000

Pending Sales: 11,709

New Listings: 11,907

Active Listings: 7,067

Months of Inventory: 0.8 months

Information provided by The Texas Real Estate Center

#mariesellsdallas #RealEstateDallas #HomesForSaleDallas

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