Summary: The median home sales price is the most commonly used sales price metric of homes sold in Dallas county and the surrounding metroplex. The average sales price is the combined average of all sold properties in Dallas county and the metroplex for the same period. Although the average sales price has increased steadily the median sales price has flattened out. Both will be affected by interest rate increases which started in mid March of 2022.

Summary: Whether it's called Months of Inventory, Absorption Rate, or Months Supply they are all one in the same. This is a very important ratio in real estate that measures how fast or how slow real estate is moving anywhere at any one time. The currents months supply in Dallas in the 1st quarter of 2023 is a very low 1.8 months.

In the 1st quarter of 2022 the months of inventory was and extremely  low 0.9 months. Although it has doubled year over year homes are still moving very fast leaning heavily into Sellers Market territory.

Calculation: If you have 9 homes on currentyly on the market for sale (FS) and 5 homes sold (HS), you can expect all 9 of those homes currently on the market for sale to sell in 1.8 months.

FS / HS = Months of Inventory

Rule of Thumb: 1-4 months of inventory is seen as a Sellers Market, 5-7 months of inventory is seen as a Buyers Market, 7 months of inventory or more is seen as a stagnate market.