Dallas Area Residential Sales Report for July – Carrollton/Farmers Branch

Very small number of homes for sale

Sales were better than other areas only off by 9%. Pending sales declined 4%. The average sales price rose 16%while the median sales price increased 14%. New listings came in 5% lower than this time last year. Active listings dropped by 22%. The months of inventory now stands at 0.9 months. 6 months is considered a balanced market.

Sales: 178

Average Sales Price: $406,064

Median Sales Price: $370,000

Pending Sales: 174

New Listings: 209

Active Listings: 144

Months of Inventory: 0.9

Information provided by The Texas Real Estate Center

#mariesellsdallas #HomeForSaleCarrollton #RealEstateFarmersBranch