October 2012 was a great month for real estate in North Texas!
- October 2012 transaction volume in North Texas was up 29% over October of 2011!
- October 2012 North Texas dollar volume was the highest dollar volume in the history of North Texas sales!
How does this positive news translate to the Dallas Real Estate Market? Take a look at the Dallas year-to-date October numbers:
East Dallas
Year to date sales 1,855
Up 28% from 2011
Average sales price $ 269,554
from 2011
Average days on market 76
Down 18% from 2011
Months of inventory 4.1
Down 45% from 2011
North Dallas
Year to date sales 597
Up 27% from 2011
Average sales price $ 714,478
Down 11% from 2011
Average days on market 92
Down 17% from 2011
Months of inventory 6.4
Down 29% from 2011
Far North Dallas
Year to date sales 924
Up 33% from 2011
Average sales price $ 342,857
Up 4% from 2011
Average days on market 66
Down 23% from 2011
Months of inventory 4.4
Down 42% from 2011
Northeast Dallas
Year to date sales 574
Up 32% from 2011
Average sales price $ 269,846
Up 12% from 2011
Average days on market 55
Down 26% from 2011
Months of inventory 3.2
Down 49% from 2011
Northwest Dallas
Year to date sales 517
Up 28% from 2011
Average sales price $ 233,959
Up10% from 2011
Average days on market 73
Down 15% from 2011
Months of inventory 3.6
Down 52% from 2011
Park Cities - Highland Park and University Park
Year to date sales 692
Up 19% from 2011
Average sales price $1,037,854
Down 5% from 2011
Average days on market 78
Down 21% from 2011
Months of inventory 4.8
Down 37% from 2011
The above statistics were taken from information compiled by the North Texas Real Estate Information System.
Please note that there are micro markets within each of the above referenced markets. It will be interesting to see the November statistics.
More listing inventory is needed in most of the Dallas markets areas. Multiple offers on appropriately priced properties are becoming common. If you are considering selling your home, there may be a buyer waiting for it to go on the market!
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