Dallas Market Report - April 2016
Posted May 2016
Dallas housing market remained strong in April 2016. Prices remain steady with moderate increases. However, inventory levels remain relatively stable and low, which has helped to buoy prices and days on market over the past several months. The average home price in Dallas rose 3.6% to $324,083 — up from $312,851 in 2015. Median home prices jumped 6.9% year-over-year to $265,000, according to data obtained from North Texas Real Estate Information Service.The days on market decreased by almost 4.8% compared to March.
April 2016: AT A GLANCE
Single-family home sales rose 1.2 percent compared to last April
At $340,155 the single-family home average price reached its highest level ever for a April.
Inventory levels were at 1.8 months for April 2016
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