Prices rise as inventory drops
Dallas Area Residential Sales Report for November – Plano, TX
Home sales rose 23% as compared to last November. Pending sales increased by 11%. The average sales price climbed 15% while the median sales price came in 10% higher. New listings declined 15% and the active listings dropped 65%. The months of inventory now stands at 0.8 months. This is a very small supply. 6 months is considered a balanced market. If you are a buyer you should expect vary heavy competition.
Sales: 266
Average Sales Price: $461,071
Median sales Price: $380,000
Pending Sales: 276
New Listings: 217
Active Listings: 225
Months of Inventory: 0.8 months
Information provided by The Real Estate Center
Marie Sells Dallas 