Dallas Area Residential Sales Report for January – Carrollton/FarmersBranch

January home sales jumped 15% as compared to last January. Pending sales however did not follow suite down 11%. The average sales price rose 10% while the median sales price increased 12%. When the median is rising grater than the average it means there were more sales in the upper price ranges. New listings took a fall of 24% and active listings dropped 36%. The months of inventory now stands at 1.1 months. Things are really tightening up! If inventories keep falling we will start to see bidding wars again.

Sales: 100

Average Sales Price: $358,199

Median Sales Price: $320,000

Pending Sales: 129

New Listings: 140

Active Listings: 171

Months of inventory: 1.1

Information provided by the Real Estate Center

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