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.
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
#mariesellsdallas #RealEstateDallas #HomesForsaleDallas