January 2014 North Dallas Real Estate Statistics

Expect to hear this about Dallas home sales repeatedly in 2014:

Inventory is low and prices are going up!

 

The first month of 2014 seems to be setting the trend. Here are the statistics for North Dallas, south of LBJ.

Number of Sales: 56 ( down from 59 in Jan. 2013 )
Average Price: $454,000 ( down from $494,700 )
Price per sq ft: $222 (up from $197 )
Days on Market: 103 ( up from 86 )
Homes for Sale: 284 ( down from 352 )
Pending Sales: 72 ( down from 77 )
New Listings: 109 ( down from 128 )
Months of Inventory available: 3 ( down from 4.3 )

[where: 75230]