Aug 6, 2012
The inventory of homes for sale in North Dallas continues to fall. We haven't had this low of inventory since September 2008 - and that includes the slower winter months. It's because folks are still moving to Dallas from all over the place. If you've got a home to sell, now is the time to have it on the market.
Meanwhile, pending sales are up. These are homes that are under contract but haven't actually sold yet. Our pending sales haven't been this high since February 2008.
But the really important factor is getting to the closing table. The number of homes that have actually sold is up as well. We'd have to go back to April 2008 to see this many sales. And remember, there is less to choose from right now due to low inventory.
And the numbers that everyone really cares about are prices. The average sales price is up. Based on the current inventory, pending sales and closed sales. That trend should continue. [where: 75230]