Dallas Area Market Report April 2016

By
Real Estate Agent with United Real Estate Dallas TREC# 0544069

Dallas home sales are strong.  Many neighborhoods have few listings which contributes to our Sellers' Market. Note the months of available inventory in your area of interest. In a balanced market we generally have about 6 months of inventory.  All sectors of Dallas are well below 6 months.  Multiple offers are common for popular homes in all price ranges.

Keep in mind that the statistics below change monthly depending on supply and demand in a specific area or neighborhood.

 

EAST DALLAS

Year to Date Sales:   585

Up 14% from 2015

Average Sales Price:   $373,210

Up 5% from 2015

Average Days on the Market:   41

Down 2% from 2015

Months of Inventory:   1.7

Up 20%  from 2015

 

NORTHEAST DALLAS

Year to Date Sales:   182

Up 17% from 2015

Average Sales Price:   $355,403

Up 3% from 2015

Average Days on the Market:   40

Down 5% from 2015

Months of Inventory:   1.5

Up 9% from 2015

 

NORTH DALLAS

Year to Date Sales:   146

Up 2% from 2015

Average Sales Price:   $945,117

Down 5% from 2015

Average Days on the Market:   62

Up 9% from 2015

Months of Inventory:   4.5

Up 18% from 2015

 

NORTHWEST DALLAS

Year to Date Sales:   164

Up 2% fro 2015

Average Sales Price:   $345,139

Up 19% from 2015

Average Days on the Market:   41

Down 15% from 2015

Months of Inventory:   1.9

Up 46% from 2015

 

FAR NORTH DALLAS

Year to Date Sales:   216

Down 9% from 2015

Average Sales Price:   $456,353

Up 15% from 2015

Average Days on the Market:   42

Down 13% from 2015

Months of Inventory:   1.9

Down 33% from 2015

 

PARK CITIES

Year to Date Sales:   133

Up 9% from 2015

Average Sales Price:   1,220,466

Down 5% from 2015

Average Days on the Market:   70

Up 25% from 2015

Months of Inventory:   5.3

Up 5.3%  from 2015

 

Information based on statistics from the North Texas Real Estate Information System.

 

If you have been thinking about selling your home, please give me a call and I will provide you with an up-to-date report on your specific market.  I'm  happy to answer any questions you may have about buying or selling a home.  It would be my pleasure to help you with your unique real estate needs.

 

 Nasher Sculpture Garden

 

 

 

 

 

Posted by

 Sharon Parisi,  Realtor®

Helping Dallas area buyers and sellers meet their real estate needs

214-450-3742

Sharon@sharonparisi.com

United Real Estate

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