Wylie in high demand from buyers

Dallas Area Residential Sales Report for October – Wylie, TX

Home sales increased 28% compared to last October. Pending sales were up a whopping 44%. The average sales price rose 13% while the median sales price climbed 6%. Now the bad news if you are a buyer. The number of new listings fell 1% but with all the sales, the active listings declined 71% taking the months of inventory down to .06 months. A balanced market is considered to be 6 months. Wylie has the smallest inventory of any area in North Texas.

Sales: 123

Average Sales Price: $353,409

Median Sales Price: $325,000

Pending Sales: 131

New Listings: 113

Active Listings: 69

Months of Inventory: 0.6

Information provided by The Real Estate Center

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