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