Dallas Area Residential Sales Report for June – Far North Dallas

Prices continue to rise!

Sales fell 26.2% compared to last June. Pending sales rose 16.7%. The median sales price increased by 23% while tha average sales price was up 24.1%. The ratio of sales price to original list price was 104.3% as buyers continue to have tp pay over list price to secure the best properties.New listings increased by 8.3% but with the increase in the pending sales, the number of active listings fell 17.7% The months of inventory declined to 1.3 months. 6 months is considered a balanced market.

Sales: 97

Pending Sales: 84

Median Sales Price: $707,500

Median sales Price: $861,571

Ratio of Sales Price to Original List Price: 104.3%

New Listings: 157

Active Listings: 121

Months of Inventory: 1.3 months

Information Provided by The Texas Real Estate Center