Dallas Area Residential Sales Report – City of Dallas

The Dallas Market topped out in May. I thought it might be interesting to you to see how it has performed since them. Data is s comparison of May to October.

Part of the decline in sales prices cam be explained by changes in buyer wants. As interest rates increased buyers started dropping price points and looking at smaller, older homes to compensate for higher monthly payment

Sales:

Nov.            October     %Change
946               641            -32.24%
Pending Sales:
723              493             -31.81%

Median Sales Price:

550,000        471,000     -14.36%

Average Sales Price:

709,993          652,015    -8.40%

Ratio Original Sales Price:

104.80%          96.00%     -8.40

New Listings:

1237               855            -30.88

Active Listings

1071              1645            53.59%
Days on Market:
8                   33                83.33%
Months of Inventory
 1.1                2.1               90.91%

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