Dallas Area Residential Sales Report for August

Prices continue to rise.

Home sales fell by 5% in August compared to last year. Pending sales were off by 7%. Prices continue to increase with the average sales price 219% higher. The median sales price also rose 19%. New listings were only off by 1% but active listings came in with a 29% decline. The months fo inventory which is a measure of supply and demand declined by 0.1 month to 1.1 months. 6 months is considered a balanced market.

Sales: 11,286

Average Sales Price: $418,191

Median Sales Price: 345,000

Pending Sales: 12,236

New Listings: 12,133

Active Listings: 10,417

Months of Inventory:  1.1 months

Information provided by The Texas Real Estate Center

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