Dallas Area Residential Sales Report for July – Dallas-Fort Worth-Arlington MSA

Sales down but prices continue to rise!

Single family home sales fell by 14.3% in July compared to last July. Pending sales were only down 0.3%. The median sales price rose 15.1% while the average sales price came in with a 14.9% increase. Buyers paid on average 100.6% of the original list price.  new listings had a small increase of 1.9%. However active listings jumped 59.8% The months of inventory now stands at 2.2 months. We are still a very long way to the 6 months supply that’s considered a balanced market.

Sales: 8,253

Pending sales: 8,343

Median Sales Price: $420,000

Average Sales Price: $512,139

Ratio of sales price to Original Sales Price: 100.6%

New Listings: 12,869

Active Listings: 18,454

Months of Inventory: 2.2

Information provided by The Texas Real Estate Center