BHHS PenFed Realty Texas' Market Report

Dallas, TX

Single-Family Homes

www.WeKnowTX.com



Dallas, TX

Fri Oct 30 2020
This week the median list price for Dallas, TX is $559,450 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has held steady at or around 1,893. Click here to stay informed with the Dallas market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Dallas, TX

Fri Oct 30 2020
This week the median list price for Dallas, TX is $559,450 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has held steady at or around 1,893. Click here to stay informed with the Dallas market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Dallas market.
Median List Price $559,450
Per Square Foot $234
Days on Market 103
Price Decreased 45%
Price Increased 4%
Relisted 9%
Inventory 1,893
Median Rent $1,755
Most Expensive $22,500,000
Least Expensive $54,900
Market Action 44
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,995,000 5,659 0.25 - 0.5 acre 5 5 15 40 43 147
$749,999 3,068 8,000 - 10,000 sqft 4 3 42 53 62 101
$455,000 2,142 6,500 - 8,000 sqft 3 2 53 63 61 90
$255,000 1,518 6,500 - 8,000 sqft 3 2 61 108 108 73