Sales in the Carrollton/Farmers Branch area were up a string 20% in August. The average sales price was up by 13% and the median sales price increased by 12%. Pending sales jumped 53% so it looks like September will be another good months. The number of new listings fell by 2% while the active listings dropped by 18%. The months of inventory now stands at 1.4 months.

Sales: 219

Average Sales Price: $270,403

Median Sales Price: $235,000

Pending Sales: 188

New Listings: 211

Active Listings:224

Months of Inventory: 1.4

Leases:

Leasing activity increased by 70% in August as compared to a year ago. The average rent rose 10% as did the median rent. Pending leases were up by 55%. the new listings fell by 13% but the active listings increased by 14%. The months of inventory had a slight increase to 1.1 months. Still very difficult to find a home to rent in this area.

Leases: 68

Average Rent: $1,819

Median Rent: $1,720

Pending Leases: 34

New Listings: 54

Active Listings: 57

Months of Inventory: 1.1

Information provided by The Real Estate Center at Texas A&M