Dallas Area Residential Sales Report for May – Prosper, TX

May home sales were off by 27%. However, you need to remember that these sales were contracted for in March and April at the height of the shut down. Pending sales tell a different story up 46% as buyers returned to the market. The average sales price rose 2% while the median sales price fell 4%. that’s just some gyration in the markup of the sales. New listings rose 7% compared to last May. Active listings declined 26% and the months of inventory now stands at 3.3 months.

Sales: 104

Average Sales Price: $536,979

Median Sales Price: $468,000

Pending Sales: 223

New Listings: 216

Active Listings: 367

Months of Inventory: 3.3

Information provided by The Real Estate Center

#RealEstateProsper #HomesForSaleProsper

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