Dallas Area Residential Sales Report for December – Carrollton-Farmers Branch

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We got a lot a negative numbers in December! Home sales were up 6% but pending sales dropped 2%. The average sales price fell 7% while the median sales price declined 6%. New listings came in off 18%. The number of active listings retreated 34%. The months of inventory is now at 1.1 months. This is not good news for buyers. The extreme shortage of supply will effect sales.

Sales: 159

Average Sales Price: $321,310

Median sales Price: $287,000

Pending Sales: 115

New Listings: 89

Active Listings: 177

Months of Inventory: 1.1

Information provided by The Real Estate Center

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