Buyers were really grabbing up Prosper Homes!

Dallas Area Residential Sales Report for October – Prosper TX

Home sales shot up a whopping 88% in October as compared to October 2019. Pending sales rose 50%. The average sales price increased 7% while the median sales price climbed 5%. Now the bad news for buyers. New listings fell 18%. and combined with all the sales, active listings dropped  by 73% thanking the months of inventory down to 0.9 months. This extremely low inventory will start to effect sales going forward as buyers find it difficult to find that dream home.

Sales: 186

Average Sales Price: $531,135

Median Sale Price: $479,000

Pending Sales: 163

New Listings: 108

Active Listings: 125

Months of Inventory: 0.9

Information provided by The Real Estate Center

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