Dallas Area Residential Sales Report for August – Carrollton/Farmers Branch
Positive sales and higher prices!
Single Family home sales rose 8% in August compared to last August.Pending sales were also up 8%. The average sales price increased 16% and the median sales price was up 15%. There was a small increase in the number of new listings rising 4%, but that was not enough to keep up with the increase in sales and pending sales. The number of active listings fell 31% and the months of inventory declined to 0.7 months. 6 months is considered a balanced market.
Average Sales Price: $407,913
Median Sales Price: $367,000
Pending Sales: 195
New Listings: 180
Active Listings: 117
Months of Inventory: 0.7 months
Information provided by The Texas Real Estate Center
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