Dallas Area Residential Sales Report for July – Celina TX

Sales of sharply but price shoot up.

Home sales dropped by 49% in June. Pending sales did much better coming in only flat. The real story was the 58% increase in the average sales price and the 36% rise in the median sales price. Buyers really went after the higher priced homes pulling these averages up. New listings declined by 9% and the number of active listings came in down 58% as compared to last July. Months of inventory now stands at 0.9 months. 6 months is considered a balanced market.

Sales: 45

Average Sales Price: $620,076

Median Sales Price: $491,000

Pending Sales: 86

New Listings: 89

Active Listings: 54

Months of Inventory: 0.9 months

Information provided by The Real Estate Center

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