Dallas Area Residential Sales Report for May

· by · in real estate market. ·

Dallas Area Residential Sales Report for May

New listings rise as interest rates rise. Buying frieze slows.

Closed sales declined by 3.8 %. Pending sales were of by 6.9%. The median sales price jumped 20.8%. Sales price to original list price was 103.7%. New listings rose by 18.7%. Homes for sale increased by 17.3%. Months of inventory now stands at 1.5 months.

Closed Sales: 11,618

Pending Sales: 11,704

Median Sales Price: $400,000

Sales Price to Original List Price: 103.7%

New Listings: 16,810

Homes for Sale: 16,329

Months of Inventory: 0.5 months

Information provided by The Real Estate Center

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