Dallas Area Residential Report for December – Far North Dallas

Prices up. Supply very Short

Sales were dowsn11& in the Far North Dallas Area. Pending sales fell 24% as buyers are having a difficult time finding that dream home due to the extremely short supply continues to push prices higher. The average sales price rose by 29% while the median sales price rose 23%. No help from new listing down 11%. The number of active listings declined by 50% taking the months of inventory down to 0.5 months. 6 months is considered a balanced market.

Sales: 613

Average Sales Price: $662,652

Median Sales Price: $554,000

Pending Sales: 51

Active Listings: 50

Months of Inventory: 0.5 months

Information provided by The Real Estate Center

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