Dallas Area Residential Sales Report for January – Wylie TX

Dallas Area Residential Sales Report for January – Wylie TX

Sales took a sharp drop of 22% in January as compared to last January. The average sales price increased 10% and the median sales price rose 11%. Pending sales were down 7% so it looks like February could also be a down months. The number of new listing jumped a whopping 67%. The active listings experienced a large increase of 40%. These numbers are a little deceiving and really reflect how low the inventory was last January. The months of inventory stands at 1.6 months. With 6 months considered a balanced market, the current inventory level is very low by anybodies standard.

Sales: 64

Average Sales Price: $321,120

Median Sales Price: $290,000

Pending Sales: 89

New Listings:  147

Active Listings: 181

Months of Inventory: 1.6

Information provided by The Real Estate Center

#wyliw #realestate #homesforsale #buyer information #sellerinformation

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