Dallas Area Residential Sales Report for July – Far North Dallas

Prices continue to rise!

Single Family home sales declined 16% while pending sales also fell 16%. Not looking good for July. For Reasons take a look at my Dallas Area Residential Sales Report for July posted yesterday. The average sales price rose 6%. Median sales price increased 8%. New listings dropped by 2% and active listings fell by 36% compared to this time last year. The months fo inventory now stands at 1.3 months. 6 months is considered a balanced market.

Sales: 108

Average Sales Price: $641,838

Median Sales Price: $530,000

Pending Sales: 115

New Listings: 167

Active Listings: 134

Months of Inventory: 1.3 Months

Information provided by The Texas Real Estate Center

#mariesellsdallas #RealEstateDallas #HomesForSale Dallas