North Dallas north of Northwest Hwy. and south of LBJ:
October saw a 19% increase in sales along with a 17% increase in the average sales price. The median price increased by 29%. These increases are not a general rise in sales prices but simply reflect some additional sales in the higher end of the market pulling the averages up. This is good news, if it continues, because homes in the upper end prices have not been selling very well.
Sales: 44
Average Sales Price: $930,495
Median Sales Price: $767,500
Days on Market: 127
Pending Sales: 24
New Listings: 96
Active Listings: 616
Months of Inventory: 17
North Dallas north of LBJ:
This area say a much smaller increase in sales of 5%, but its still an increase. The average sales price was down by 9% while the median sales price was down by only 1%. This indicates that the sales were concentrated in the lower price ranges in this area. This area continues to fair better than it's southern neighbor with a 5.9 months supply of homes for sale.
Sales: 78
Average Sales Price: $341,949
Median Sales Price: $275,500
Days on Market: 63
Pending Sales: 50
New Listings: 116
Active Listings: 435
Months of Inventory: 5.9
