Dallas Area Residential Sales Report for November – Wylie TX

Well what can you say except the buyers weren’t buying in November. Home sales fell 27% and pending sales dropped 21%. The average sales price declined 1%. Median sales price was down 2%. New listings were down 21% compared to last November and the number of active listings were also down 21%. The months of inventory now stands at 1.8 months. That’s very low considering 6 months is considered a balanced market. not good news for buyers.

Sales: 79

Average Sales Price: $295,988

Median Sales Price: $294,000

Pending Sales: 90

New Listings: 93

Active Listings: 206

Months of Inventory: 1.8 months

Information provided by The Real Estate Center

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