As a Realtor, it's important to follow local market trends. Statistics in this report show that prices continue to increase in all markets featured below. In North Dallas and Park Cities, days on the market have decreased and inventory has slightly increased providing more of a choice for buyers. Inventory has continued to decrease in all other areas. It is still a Seller's Market in all areas listed below.
This report is based on sales through the end of August 2015.
NORTH DALLAS
Year to Date Sales: 482
Down 5% from 2014
Average Sales Price: $1,117,652
Up 10% from 2014
Average Days on the Market: 55
Down 20% from 2014
Months of Inventory: 4.4
Up 4% from 2014
FAR NORTH DALLAS AND ADDISON
Year to Date Sales: 852
Up 3% from 2014
Average Sales Price: $430,671
Up 7% from 2014
Average Days on the Market: 32
Change 0% from 2014
Months of Inventory: 1.7
Down 18% from 2014
EAST DALLAS
Year to Date Sales: 1,725
Up 7% from 2014
Average Sales Price: $380,689
Up 14% from 2014
Average Days on the Market 33
Down 11% from 2014
Months of Inventory: 1.6 Months
Down 23% from 2014
NORTHEAST DALLAS
Year to Date Sales: 539
Down 2% from 2014
Average Sales Price: $347,793
Up 10% from 2014
Average Days on the Market: 34
Change 0% from 2014
Months of Inventory: 1.7
Down 11% from 2014
NORTHWEST DALLAS
Year to Date Sales: 505 down 2% from 2014
Average Sales Price: $324,287
Up 9% from 2014
Average Days on the Market: 33
Down 18% from 2014
Months of Inventory 1.6
Down 18% from 2014
PARK CITIES
Year to Date Sales: 483
Down 2% from 2014
Average Sales Price: $1,314,817
Up 1% from 2014
Average Days on the Market: 53
Down 4% from 2014
Months of Inventory: 4.5
Up 9% from 2014
Statistics were compiled from the North Texas Real Estate Information System.
Each of the geographic areas in this report is made up of a many neighborhoods with their own market statistics. Please contact me to find out what your home is worth. I would be honored to help you with your real estate needs.
