Carrollton/Farmers Branch Residential Sales Report for January

Sales were down slightly but pending sales jumped!

Single-Family:

Sales were off by 4% as compared to a year ago but pending sales took a huge jump up 43%. Looks like some closings were pushed into February. With the large amount of pending sales we can safely say that February’s sales will be good. The average sales price increased 6% and the median sales price rose 5%.

New listings climbed 9% but this only translated to a 1% increase the the number of active listings. The months of inventory now stands at 0.8 months. Nobody can call this market anything except a strong Seller’s Market.

Sales: 93

Median Sales Price: $216,000Average Sales Price: $237,820

Pending Sales: 159

New Listings: 155

Active Listings: 125

Months of Inventory: 0.8

If you live in the Carrollton/Farmers Branch area and would like a personalized Comparative Market Analysis (CMA) on your home delivered to your email in just a few minutes, then click the link below to take advantage of this offer.

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

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