Same old story. Inventory down prices up!
Dallas Area Residential Sales Report for January – Prosper, TX
Home sales were off by 9% but pending sales rose 11%. The average sales price increased 7% as did the median sales price. New listing declined by 21% while the active listings dropped by 83% taking the months of inventory down to 0.5 months. If you are a buyer, you have very little to choose from and very heavy competition.
Sales: 69
Average Sales Price: $532,149
Median Sales Price: $502,000
Pending Sales: 127
New Listings: 121
Active Listings: 67
Months of Inventory: 0.5
Information provided by The Real Estate Center
Marie Sells Dallas 