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.
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