Dallas Area Residential Sales Report for January – Prosper TX

Homes sales really took a hit in January down 21%. Pending sales were even worse off 24%. The average sales price continued to climb up 4% but the median sales price fell 4% The number of new listings decline 9% and the active listings jumped 28% as compared to last January. The months of inventory now stands at 5.6 months. You can’t get much closer to the 6 months considered a balanced market.

Sales: 38

Average Sales Price: $473,639

Median Sales Price: $431,450

Pending Sales: 63

New Listings: 125

Active Listings: 450

Months of Inventory: 5.6

Information provided by The Real Estate Center