Dallas Area Residential Sales Report for January – Far North Dallas

Sales down on extremely  low supply!

Single family home sales fell 16% and pending sales were also off by 16%. Competition for the few homes on the market  continue to drive sales prices higher with the average sales price rising by 32% and the median sales price up 30%. New listings declined 27% compared to last January. The number of active listings dropped by 51%. Months of inventory came in at 0.3 months.

Sales: 64

Average Sales Price: $696,645

Median Sales Price: $597,000

Pending Sales: 79

New Listings: 69

Active Listings: 36

Months of Inventory: 0.3 months

I formation provided by The Texas Real Estate Center