Dallas Area Residential Sales Report for October
Sale Prices continue to rise as sale and inventory fall.
Home sales declined 9% compared to last October. Pending sales dropped 2%. The average sales price increased 15% while the median sale price came in 18% higher.
New listings were down 3%. Active listings were off by 23%, The months of inventory now stands at 1 month. 6 months is considered a balanced market.
Average Sales Price: $414,740
Median Sales Price: $10,788
Pending Sales: 10,788
New Listings: 10,440
Active Listings: 9,753
Months of Inventory: 1 month
Information provided by The Texas Real Estate Center
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