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%
Marie Sells Dallas 