Feburary Sales Activity Report for Far North Dallas

This report covers the City of Dallas North of LBJ.

Sales fell sharply in this area in February as they did in a number of other areas. The average sales price increased slightly due to several sales occurring in the upper price ranges. Pending sales were also off by double digits. The number of new listings and active listing increased putting more supply on the market and increasing the months of Inventory to 6.4 months.

Sales: 46

Average Sales Price: $326,671

Median Sales Price: $264,200

Pending Sales: 51

New Listings: 148

Active Listings: 444

Months of Inventory: 6.4

36 comments • Marie Walton, ABR, CRS, GRI, SRES • March 13 2010 04:09PM

Richardson, TX Sales Activity Report for February

Sales were up 11% in the Richardson area for the month. however, the average sales price declined by 12% from the same time last year. Pending Sales, a forward looking indicator was off by 7%. We saw a large jump in the number of new listings but the active listings are still down by 2% leaving us with an inventory of only 3.3 months. RRichardson continues to have the lowers supply of homes on the market of any area. The best homes sell quickly!

Sales: 52

Average Sales Price: $157,809

Median Sales Price: $159,900

Pending Sales: 55

New Listings: 127

Active Listings: 268

Months of Inventory: 3.3

 

1 comment • Marie Walton, ABR, CRS, GRI, SRES • March 08 2010 04:40PM