Carrollton/Farmers Branch Residential Sales Report for May

Carrollton/Farmers Branch Residential Sales Report for May

Sales were off the charts!

Buyers were out in full force in May with sales up 23%. The averages sales price rose 13% as compared to last May while the median sales price increased 15%. Sales prices continue their upward march helped in part by the extreme shortage of homes available in the lower price ranges. Pending sales increased by 8%. We also saw a healthy rise of 22% in the number of new listings. Active listings climbed 27% and this pushed the months of inventory up to 1.9 months. With 6 months normally considered a balanced market, we are very much tilted to the Sellers side.

Sales: 383

Average Sales Price: $409,948

Median Sales Price: $362,000

Pending Sales: 411

New Listings: 549

Active Listings: 577

Months of Inventory: 1.9

Information provided by The Real Estate Center

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