Dallas Area Residential Sales Report for February – Condos and Townhouses

Dallas Area Residential Sales Report for February – Condos and Townhouses

Short supply drives prices up.

 

Condo and townhouse sales were up by 7% but pending sales fell 1%. The average sales price increased by 12% while the median sales price jumped 21%.  New listings declined 11%. Active Listings  were 74% lower than list February. Months of inventory now stands at 0.6 months. 6 months is normally considered a balanced market.

Sales: 606

Average Sales Price: $365,877

Median Sales Price: $365,000

Pending Sales:688

New Listings: 594

Active Listings: 333

Months of Inventory: 0.6 months

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