Dallas Area Residential Sales Report for September

Sales have declined for the 4 month in a row

Sales fell by 3 % compared to last August. Pending sales were off by 5%. Economics 101 supply and demand is working perfectly. Low supply plus high demand equals rising prices. The average sales price increased 18%  while the median sales price rose 19%. We did see  1 % increase in New listings but the active listing came in with a 23% decrease.

Sales: 10,972

Average Sales Price: $415,384

Median Sales Price: $345,000

Pending Sales: 10,939

New Listings: 11,173

Active Listings: 10,348

Information provided by The Texas Real Estate Center

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