Dallas Area Residential Sales Report for February – Prosper TX

The norther Dallas suburbs did not fair well for homes sales in February and Prosper was no exception. Homes sales fell 21%. Pending sales were even worse off 24%. The average sales price did eked out a 4% increase but the median sales price declined 4%. Kind of a wash. New listings dropped 9%. Active listings came in up 28% as homes remain on the market longer. The months of inventory hit 5.6 months, Getting very close 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

#mariesellsdallas #ProsperTX #ProsperHomes #realestate #ProsperRealEstateAgent