Current North Dallas Home Inventory by Price

Here are some interesting statistics you won't find most places. This is the inventory of homes for sale in North Dallas (south of LBJ, north of Northwest Hwy, between Central and Midway) looking at April 2011 to April 2012.

Homes priced under $500,000
homes for sale: 129
homes sold in the past year: 255

Homes priced $500,000 to $750,000
homes for sale: 98
homes sold in the past year: 121

Homes priced $750,001 to $1,000,000
homes for sale: 52
homes sold in the past year: 62

Homes priced $1,000,001 to $2,000,000
homes for sale: 98
homes sold in the past year: 99

Homes priced over $2,000,000
homes for sale: 64
homes sold in the past year: 28

Go ahead and do the math yourself to figure the number of months of inventory we have for each price point. "Inventory" is figured by looking at how long it would take to sell all the homes on the market if no other properties were listed for sale. If 100 homes sold in the past year and there are currently 50 homes on the market, then you have a 6 month inventory. If 100 homes sold and you have 200 on the market, you have a 2 year inventory.

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.
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