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

This report compares the month of February to January.

Sales jumped up 45.33% in February compared to January. Pending Sales saw a 11.67 increase. The median sales price rose 1.32 while the average sales price declined 0.91%. The original list price to sales price rose a slight 0.64%. New listing fell 7.06% and active listings were off  8.48%. Days on market increased 6.78% as the months of inventory fell 0.09%

With falling inventory buyers are having a hard time locating the dream home and competition is increasing from other buyers.

Sales: 6,281

Pending Sales: 7553

Medina Sales Price: $385,000

Average Sales Price: $471,951

Ratio of sales price to original list price: 94.40%

New Listings: 7054

Active Listings: 14,719

Days on Market: 63

Months of Inventory: 2