Saturday, October 11, 2008

Market Update for Addison / Far North Dalls - September

Compare with August the housing market in Addison / Far North Dallas area has been slowing down. The inventory on the marked has decreased but the number of sold and pended houses has been decreasing since May. The days of inventory on the market based on closed transactions is 8 months which shows typical buyers market.

  • Homes for sale - 509
  • Homes sold - 64
  • Homes pended - 68
  • Months of inventory based on closed sales - 8.0
  • Avg. Active Price - $578,000
  • Avg. Sold Price - $332,000
  • Avg CDOM - 53
  • Median Price - $270,000

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