The Carrollton/Farmers Branch area certainly went against the trend
Dallas Area Residential Sales Report for August – Carrollton/FarmersBranch
This are has had low inventories and I guess that buyers were having a hard time finding something to buy because home sales fell 9% as compared to last August. Pending sales were a little better up 5%. The average sales price rose 4% while the median sales price came in with am 8% increase.
Buyers will not get any help from the number of new listings. They were off by 20% and the active listings fell 46% taking the months of inventory to 1.2 months.
Average Sales Price: $351,020
Medina Sales Price: $319,900
New Listings: 173
Active Listings: 170
Months of Inventory: 1.2
Information provided by The Real Estate Center
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