Dallas Area Residential Sales Report for February – Prosper TX

Dallas Area Residential Sales Report for February – Prosper TX

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I don’t think I have ever seen an increase of 86% but that’s what happened in Prosper in February. Pending sales were not far behind with a 69% rise as compared to last February. The average sales price increased 2% while the median sales price climbed 7%. The distribution of the sales were skewed to the upper price ranges. The number of active listings came in 16% higher however, with all the sales the active listings declined by 17%. The months of Inventory is now at 3.5 months. That’s just a little over half way to a balanced market of 6 months.

Sales : 93

Average Sales Price: $506,541

Median Sales Price: $472,500

Pending Sales: 144

New Listings: 175

Active Listings: 395

Months of Inventory: 3.5

If you are a buyer and are out on the internet looking for homes in the North Texas area, you need the best search engine. I recommend Homesnap. Why? Because it pulls data directly from our MLS providing you with the most current information about homes that’s possible to get.

Information provided by The Real Estate Center

#ProsperTX RealEstateProsper #HomesForSale

 

 

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