Dallas home sales continue to rise. For January 2016, the number of sales, average sales price, and new listings all increased over 2015.
The only major decline was in the average number of days on market. For condos and town homes, average days on market was 48 days, an annual decrease of 20%.
Single family home days on market was 53 days on average, a 19% decrease from 2015.
Single family sales rose 20% while the average price rose 7% to $245,509. New listings for sale rose 9%, totaling 8,990 homes.
Condo and town home sales rose 19% while the average price rose 1% to $219,514. New listings rose 7%, totaling 621 units.
Sixty one farms and ranches sold, up 11%, but the average price of $369,294 was a decline of 31%.
Lots and vacant land totaled 459 sales, a decline of 2%, but the average price rose 9% to $165,226.
Rentals declined 2% to 2,621 units, but the average rental price rose 6% to $1,582 monthly.
Data is courtesy of the North Texas Real Estate Information System via Republic Title.