Dallas Home Inventory January 2011

When listing your home for sale, it is important to research the level of current inventory, also known as 'the competition'. When inventory is low, the laws of supply and demand make your property more appealing. The reverse is true when inventory is high.

In Dallas, a 6 month or less supply of homes indicates a seller's market. A 10 to 12+ month supply of homes indicates a buyer's market. Everything in between is a balanced market.

Keep in mind that in the past year we've seen some markets and price ranges with a 5 year inventory of homes for sale. Below is a report of current inventory of homes for sale in our area:

North Dallas (south of LBJ, between Midway and Central):
Inventory:   11.2 months
Avg Days on Market: 129
Median Sales Price:   $538,000

Park Cities:
Inventory:   10 months
Avg Days on Market: 121
Median Sales Price:   $865,500

Northeast Dallas (east of Central):
Inventory: 6.8 months
Avg Days on Market: 64
Median Sales Price: $254,040

Northwest Dallas (west of Midway):
Inventory: 7.7 months
Avg Days on Market: 71
Median Sales Price: $198,000

Far North Dallas (north of LBJ to Plano, Central to Marsh):
Inventory: 8 months
Avg Days on Market: 81
Median Sales Price: $271,000

Intown/Condos/Townhomes
Inventory: 14.5 months
Avg Days on Market: 115
Median Sales Price: $219,200
[where: 75230]