Dallas Area Residential Sales Report for December – Dallas- Ft. Worth- Arlington MSA

This report compared December to November.

Sales were up but prices were down.

Single family home sales fell 7.7% in December. Pending sales dropped 19.2%. The median sales price declined 1% while the average sales price was 4.3% down. The ratio of sales price to original list price came in at 93.7%. New listings continued to and was 27.7% lower. Active listings were off 12.5%. Days on market rose jumped 20.5%. Months of inventory had a small decline to 2.2 months. 6 months is considered a balanced market.

Sales: 6289

Pending Sales: 4756

Median Sales Price: $388,995

Average Sales Price: $463,013

Ratio of Sales Price To Original List: 93.7%

New Listings: 5,326

Active Listings: 16,670

Days on Market: 53

Months of Inventory: 2.2 months

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