"In November, home prices fell moderately from the month before, with a median listing price of $438,350. The number of listings on the market shrank 2.1% from last month, which is typical for this time of the year in Dallas, and homes are also selling slower than at the same time last year. Typically, home price per square foot in Dallas tend to fall in November."
"And the most recent data shows that the price per square foot decreased by 0.4% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in Big D are smaller the national market. In November, there were 4,241 homes for sale in Dallas, which was 2.1% less than the month before and 9.8% more than the same time last year."
"Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266. The number of new listings in Dallas was 1,140, which was 10.1% less than the month before and 2.7% less than the same time last year. Nationally, the number of new listings fell by 14.1% from last month to 330,908. Homes in Dallas take an average of 63 days to sell, according to November figures."
Home prices in Dallas declined modestly in November, with a median listing price of $438,350 and price per square foot falling 0.4% month-over-month. Inventory in Dallas totaled 4,241 homes for sale, a 2.1% decrease from October but a 9.8% increase year-over-year. New listings in Dallas dropped to 1,140, down 10.1% from the previous month and 2.7% year-over-year. Nationally, price per square foot decreased 1.2% and active inventory fell 2.5% to 1,072,266, while new listings declined 14.1% to 330,908. Homes in Dallas averaged 63 days on the market, four days longer than the prior month.
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