Sales up. Inventory down!
Dallas Area Residential Sales Report for December – Prosper, TX
Home sales were up 11% compared to last December. Pending sales were a different story down 13%. No looking goof for January. The average sales price rose 11% while the median sales price climbed 9%. The very real problem that buyers are facing is the shortage of homes for sale. New listings declined by 27%and the number of active listings fell 79%. The months of inventory now stands at 0.5 months!
Average Sales Price: $564,189
Median Sales Price: $505,000
Pending Sales: 91
New Listings: 66
Active Listings: 74
Months of Inventory: 0.5 months
Information provided by The Real Estate Center
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