Dallas, TX Real Estate & Homes for Sale

The median sales price is the middle price of all the real estate sales prices in Dallas. The median sales price is the 
price at which half of the properties sold for more and half sold for less. See how the median sales price in Dallas is 
trending the last 3 years and how it trends with the average 30 year fixed mortgage interest rate by month.

The average sales price is also known as the mean sales price in Dallas. The average sales price is calculated by adding up the sales prices or all properties sold in Dallas and then dividing that sum by the total number of properties sold. The difference between the average sales price and the median sales price is the average sales price can be influenced by outliers where the median sales price is not. See how the average sales price in Dallas has trended the last 3 years and how it trends with the average 30 year fixed mortgage interest rate.

Dive into the home sales trend for Dallas for the last 3 years. See each year by month or click the year on the x  axis to compare years or isolate one year at a time.

Inventory represents the active supply of homes available for sale by month for the last 3 years in Dallas. Inventory 
provides an indication of the balance between housing supply and demand. It offers insights into whether the market favors buyers or sellers. Lastly, inventory is used as a guide by buyers and sellers in their decision making process.

Pending simply means that the seller has received and accepted an offer on their Dallas home. However, the deal has yet to be finalized and is the last step before the home is sold. Pending status also means that all contingencies have been met 
by both buyer and seller. 

Days on market is a measure of how long it takes for a house to sell after it has been put on the market for sale in 
Dallas. It is calculated as the number of days between the listing date and the pending date. Days on market is a great 
indicator of whether you're in a buyer's market or a seller's market. Typically less than 90 days is a seller's market. 
More than 90 days is typically a buyer's market. 

The absorption rate (months inventory as it also known as) is the main metric that determines a buyer's market or seller's market. The definition of the absorption rate is if no other homes come on the market (additional inventory) it is the rate at which it will take all of the current market inventory to sell. 

The rule of thumb: 

<4 months inventory is a seller's market. Between 4 months and 6 months is a balanced market. 6 months or longer indicates a buyer's market.