For purposes of this report north Dallas is broken into two section:. North of Northwest Hwy and south of LBJ and North of LBJ.
North of Northwest Hwy and South of LBJ:
Sales in this area in August continued to be weak. The upper price ranges are not moving. Sales were of by12% compared to a year ago. The average sales price continued to decline along with the median sales price. Pending sales showed a strong increase being up by 33%. The number of active listings was flat and we say a decrease in the months of inventory which continues to remain very high at 17.2 month.
Sales: 43
Average Sales Price: $914,178
Median Sales Price: $639,900
Pending Sales: 40
Active Listings: 614
Months of Inventory: 17.2
North of LBJ:
Sales were off again in this area of North Dallas, but we did see an increase in the average sales price of 13% and a smaller increase in the median sales price of 2%. There was a 6% decrease in the number of pending sales. The number of active listings declined by 12% helping to keep supply/demand closer to a balance. The months of inventory in this area is only 6.5 months.
Sales: 73
Average Sales Price: $349,303
Median Sales Price: $272,000
Pending Sales: 59
Active Listings: 478
Months of Inventory:6.5
