Dallas Area Residential Sales Report for August – Far North Dallas
Slight increase in sales. Prices up sharply!
Single family home sales rose a slight 2% but pending sales dropped 2%. The average sales price increased by 15% while the median sales price rose 20% as buyers were after higher priced homes. New listings fell 14%. Active listings dropped by 41% taking the months of inventory down to 1.0 months. Buyers going forward will find few homes to choose from.
Average Sales Price: $615,139
Median Sales Price: $560,000
Pending Sales: 125
New Listings: 101
Active Listings: 101
Months of Inventory: 1.0 months
Information provided by The Texas Real Estate Center
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