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

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