Priced jump as inventory declines.

Dallas Area Residential Sales Report for January -Wylie, TX

Home sales shot up 26% as compared to last January. However pending sales fell 36% as buyers ran out of homes to purchase. The average sales price was up 17% while the median sales price rose 12%. We’re getting no help  from sellers even with record high prices as new listings declined 38%. The amount of active listings is now 82% lower than last year! The months of inventory is 0.3 months.

Sales: 72

Average Sales Price: $359,993

Median Sales Price: $337,000

Pending Sales: 77

New Listings: 70

Active Listings: 31

Months of Inventory: 0.3

Information provided by The Real Estate Center

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