Dallas Area Residential Sales Report for February – Prosper, TX
Home sale down. Prices up!
Single family home sales fell by 5% while pending sales were down 18% as compared to last February. The average sales price jumped 30%. Median sales price rose 26%. New listings did not help the supply shortage down 49%. Active listings fell 80% taking the months of inventory down to 0.4 months. 6 months is considered a balanced market. We are a very long way from that.
Average Sales Price: $653,579
Median Sales Price: $600,000
Pending Sales: 118
New Listings: 89
Active Listings: 60
Months of Inventory: 0.4
Information provided by The Real Estate Center
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