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
