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!

Sales: 136

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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