How tight is the North Dallas Real Estate market?

Here's a quick look at the current residential market from the Park Cities to North Dallas (south of LBJ).

In this area, we've had 494 properties offered for sale since January 1st. That's down considerably over the past few years. The average asking price this year is $1,437,137. And that is up considerably.

How tight does that make our market? Extremely would be a good word to describe it. We (real estate economic experts and I) expect this trend to continue for the entire year.
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