Dallas Area Residential Sales Report for May – Far North Dallas
Sales Down. Prices Up.
Sales of single family homes fell by 12.5%. The median sales price increased 43.5%. Active listings were off as compared to last April by 40.8%. Months of inventory now stands at 0.7 months. 6 months is considered a balanced market. Over 70% of the homes sold were in the 5400,000 to 999,999 price range. Buyers paid on average 107.7% of the list price.
Median Sales Price: $727,500
Closed Sales: 91
Active Listings: 74
Months of Inventory 0.7 months
Close/ Original List: 107.7%
Information provided by The Texas Real Estate Center