Dallas Area Residential Sales Report for June

Sales down but prices continue to rise.

Single family sales dropped in June by 10.4%. Pending sales dropped 13.5%. Median sales price rose 18.2% and buyers paid 102.2% above original list price, New listings increased by 21.8%. active listings came in 44.3% more than last  June. The months of inventory rose to 2 months and that supplies the reason prices continue to rise.  6 months is a balanced market. Buyers still outnumber sellers by a wide margin.

Sales: 11,753

Pending Sales: 10,803

Median Sales Price: $400,000

Sales Price to Original List Price: 102.2%

New Listings: 19,155

Active Listings: 22,404

Months of Inventory: 2 months

Information provided by The Texas Real Estate Center