Dallas Real Estate Market Report - November 1, 2016

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

Dallas  Market StatisticsDallas area market statistics change from month to month.  Season, supply, demand, price range, economic factors, and more affect home sales.   Below you'll find general market snapshots for six sectors of  the Dallas real estate market.  Within each of these areas are many neighborhoods.  Each neighborhood has its own unique personality and market statistics.  The key to buying or selling a home is researching and understanding the local real estate markets. Use this market report as the beginning of your research.

 

EAST DALLAS

Year to Date Sales:   1,968

Up 2% from 2015

Average Sales Price:   $395,708

Up 5% from 2015

Average Days on the Market:   27

Down 10% from 2015

Months of Inventory:   2

Up 18%  from 2015

 

NORTHEAST DALLAS

Year to Date Sales:   597

Up 0% from 2015

Average Sales Price:   $386,373

Up 11% from 2015

Average Days on the Market:   43

Up 16% from 2015

Months of Inventory:   1.5

Up 5% from 2015

 

NORTH DALLAS

Year to Date Sales:   523

Down 1% from 2015

Average Sales Price:   $1,034,785

Down 6% from 2015

Average Days on the Market:   71

Up 37% from 2015

Months of Inventory:   5.4

Up 23% from 2015

 

NORTHWEST DALLAS

Year to Date Sales:   564

Down 1% from 2015

Average Sales Price:   $373,669

Up 15% from 2015

Average Days on the Market:   25

Down 17% from 2015

Months of Inventory:   2.2

Up 32% from 2015

 

FAR NORTH DALLAS

Year to Date Sales:   854

Down 10% from 2015

Average Sales Price:   $485,167

Up 9% from 2015

Average Days on the Market:   32

Down 24% from 2015

Months of Inventory:   2.3

Up 30% from 2015

 

PARK CITIES

Year to Date Sales:   520

Down 2% from 2015

Average Sales Price:   1,376,340

Up 4% from 2015

Average Days on the Market:   82

Up 39% from 2015

Months of Inventory:   6.1

Up 30%  from 2015

 

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

 

If you are interested in market information specific to your neighborhood of interest, give me a call or contact me by email. 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.

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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Ambassador
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Harry F. D'Elia III
RentVest - Phoenix, AZ
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Thanks for sharing your local real estate market reports with us today.

Oct 31, 2016 09:08 PM #1
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

This is good information for home buyers and sellers in Dallas.

Oct 31, 2016 09:11 PM #2
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Rainmaker
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Sharon Parisi

Dallas Homes
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