The MetroTex Association of REALTORS® today released North Oak Cliff homes sales figures for the month of May. MetroTex President Steve Habgood announced North Oak Cliff’s record volume of sales.

“The market in North Oak Cliff on is extremely active,” said Habgood. “While overall the number of available homes is low on any given day, homes that do appear on market tend to sell very quickly. There were 104 sold and 93 pending sales in North Oak Cliff last month.”

“We definitely recommend consumers develop a good relationship with their REALTOR® to help them navigate such an active market like North Oak Cliff is experiencing,” said Habgood.

Other highlights include of the MetroTex report include:

• The average sales price in North Oak Cliff is $184,363, a 13% increase over last year.
• Average sales price is 98% of list price when listed with a REALTOR®
• The number of available homes on the market in May 2015 was 141, compared to 185 in May 2014.
• The average price per square foot in North Oak Cliff increased from $101 in May 2014 to $111 in May 2015. 

“We predict North Oak Cliff will continue to be part of one of the most active markets in the country,” said Habgood. “In North Oak Cliff, homes listed with REALTORS® are selling in 35 days on average.

MetroTex represents more than 15,000 members involved in all aspects of the real estate industry.  MetroTex is the largest REALTOR® member association in North Texas representing the entire region.  Established in 1917, MetroTex is an advocate for the real estate industry and private property rights. For more information, visit us online at DFWRealEstate.com.