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

This report is a month over previous month report. March vs. February.

In the MSA sales increased by 23.11% as interest rate drops brought buyers out of the woodwork. Pending sales rose 7.13%. The median sales price climbed 1.69% while the average sales price was up 0.29%. The ratio of sales price to original list increased 1.20%. new listings climbed 42.87% but active listings only increased 4.63%. Days on market fell 4.76%. Months of inventory rose 10%.

We are still in a very short supply of inventory.

Sales: 8057

Pending Sales: 7619

Median Sales Price: $391,500

Average Sales Price: $473,332

Ratio of Sales Price to Original List: 95.60%

New Listings: 10,078

Active Listings: 15,397

Days on Market: 60

Months of Inventory: 2.2 months