NORTH OF NORTHWEST HWY. AND SOUTH OF LBJ:
There was a pick up in sales in this area in September but the average sales price continued to erode. Pending sales picked up along with the number of new listings. The number of active listing was flat. There continues to be an over supply on the market with a 17 month supply of homes for sale. Million dollar homes make up over 1/3 of the inventory in this area and they are very slow to sell.
Sales: 48 a 17% increase
Average sales price: $889,828 a 9% decrease
Median sales price: $650,000 a 2% increase
Days on market: 135 a 41% increase
Pending sales: 39 a 39% increase
New listings: 118 a 15% increase
Active listings: 612 a 0% increase
Months of inventory: 17
NORTH DALLAS NORTH OF LBJ:
Sales were down slightly in September and we saw a decline in the average sales price while the median sales price was flat. Days on market increased. Pending sales were off along with the number of active listings. The decline in inventory of homes for sale in this area is helping to keep supply/demand somewhat in balance.
Sales: 69 a 4% decrease
Average sales price: $294,761 an 8% decrease
Median sales price: 269,750 a 0% increase
Days on market: 66 a 22% increase
Pending sales: 63 a 10% decrease
New listings: 117 a 2% increase
Active listings: 444 a 12% decrease
Months of inventory: 6.1
