Dallas Area Residential Sales Report for July – Wylie, TX

Prices continue to rise as sales slow.

Home sales fell 19% in the Wylie area as compared to last July. Pending sales dropped 7%. The average sales price rose 27% while the median sales price climbed 28%. No help for buyers with the new listings being down 9%. Active listings came in with a 42% decline. The months of inventory now stands at 0.7 months. 6 months is considered a balanced market.

Sales: 124

Average Sales Price: $433,653

Median Sales Price: $425,000

Pending Sales: 114

New Listings: 132

Active Listings: 70

Months of inventory: 0.7 months

Information provided by the Real Estate Center

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