The available inventory remains strong for the Dallas Luxury Home market, with a sizeable increase in resale inventory from 2014 and 2015:
The average months supply ratio is at 9.1 months, which is much higher than in homes priced under $1m:
Where there is only a 4.4 months supply of resale homes priced from $750k to $999,999:
New construction homes priced at $1m or higher had a substantial increase in their available inventory from 2014 and 2015:
And the average months supply ratio in new luxury construction was even higher than in the resale category:
And although the median price fluctuates month to month, it is exciting to see that the median home price continues to rise for our Dallas Luxury Real Estate Market in the resale listings:
But there was a decrease in the median sales price for new construction Luxury homes in Dallas for March:
Are you ready to search for your new Dallas area Luxury Dream Home?
BROKER/ASSOCIATE/REALTOR, ABR, AHWD, ALHS, ASP, BPOR, CAPS, CDPE, CGP,
Multi-Million Dollar Consultant
Texas Licensed Real Estate Broker
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