North Dallas/Richardson/Plano Real Estate

This report covers North Dallas north of LBJ.

Sales were up 49% in April compared to a year ago. The average sales price was down by 2% while the median sales price was up by 4%. The number of pending sales shot up by 68% which indicates another good increase for May. The number of new listings was up by 13% but the number of active listings only climbed by 3%. The months supply of inventory is still high at 7.6 months.

We do not know what effect the tax credits had on this months sales but next months pending sales will give us a good idea if the upward trend will continue.

Sales: 100

Average Sales Price: $284,656

Median Sales Price: $266,400

Days on Market: 69

Pending Sales: 99

New Listings: 188

Active Listings: 540

Months of Inventory: 7.6

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

This report covers North Dallas North of LBJ.

Sales were off by 24% in December. the average sales price was up by 15% but this was due to the sale of 4 million dollar plus homes. The median sales price showed a decline of 10%. Pending sales were up 3% and we continue to see a decline in the number of active listing leaving us with a not bad 5.1 months of inventory. We will just have to wait and see if this decline continues on into January.

Sales: 54

Average Sales Price: $462,505

Median Sales Price: $269,000 

Pending Sales: 40

New Listings: 82

Active listings: 362

Days on Market: 81

Months of Inventory: 5.1