Strong sales. Low inventory
Dallas Area Residential Sales Report for October – Carrollton/FarmersBranch
Home sales rose 17% as compared to last October. The average sales price increased 10% while the median sales price climber 8%. Pending sales came in with a 3% rise. Carrollton, Farmers Branch was one of the few areas that saw an increase in the number of new listings. new listings were up by 27% but with all the sales this was not enough to keep up with demand and active listings saw a 43% decline taking the months of inventory down to 1 month.
Sales: 183
Average Sales Price: $366,369
Median Sales Price: $330,000
Pending Sales: 167
New Listings: 199
Active Listings: 154
Months of Inventory: 1
Information provided by The Real Estate Center
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