Dallas Area Residential Sales Report for February – Carrollton/Farmers Branch
Don’t know what was going on in this area in February but home sales declined 22%. Ouch! Pending Sales were also down but only by 7%.
The average sales price came in up 5%. Median sales price eked out 1% gain.
If you are a buyer in this area you will have a problem finding that dream home. New listings fell 10% and active listings declined 31%. The months of inventory is now at 1.1 months. 6 months is considered a balance market.
Average Sales Price: $345,713
Median Sales Price: $311,400
Pending Sales: 157
New Listings: 168
Months of Inventory: 1.1
Information provided by the Real Estate Center
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