Dallas Area Residential Sales Report for November
Surprise sales up. Supply remains low!
Sales rose 4% in November as compared to last November. Pending sales eked out a 3% rise, That’s positive for December sales. The average sales price continues to increase up 15% while the median sales price climbed 18%. New listings were positive with a 6% increase, but with all the sales the number of active listings came in 22% lower. The months of inventory now stands at 0.8 months. 6 months is considered a balanced market.
Average Sales Price: $413,004
Median Sales Price: $ 348,520
Pending Sales: 9,937
New Listings: 8,721
Active Listings: 8,268
Months of Inventory: 0.8 months
Information provided by The Texas Real Estate Center
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