Buyers are struggling to find that dear home due to extremely short supply.
Dallas Area Residential Sales Report for December – Carrollton/Farmers Branch
Single Family home sales were 5% higher in December than last year. Pending sales came in 1% lower. The average sales price rose 9% while the median sales price was 12% more. Buyer were moving into the higher price range properties.New listings dropped 4%. With all the sales and new listings not keeping up, the number of active listings fell 47% taking the months of inventory down to 0.6 months. Buyers are having a very difficult time finding a home to purchase and when they do the competition is fierce.
Average Sales Price: $351,884
Median Sales Price: $321,500
Pending Sales: 114
New Listings: 85
Active Listings: 94
Months of Inventory: 0.6
Information provided by The Real Estate Center
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