Dallas Area Residential Sales Report for October – Carrollton/Farmers Branch
Sales down with very low inventory
Incase you are wondering why these to cities are combined, it’s because they share a common school district.
Sales fell 11% compared to last October. Pending sales however rose 2%. The average sales price increased 10% while the median sales price climbed 19% as buyers were forced to move into higher price ranges to find that dream home. New listings were no help down 13%. Active listings came in 49% down. The months of inventory now stands at 0.5 months.
Average Sales Price: $533,145
Median Sales Price: $470,000
Pending Sales: 323
New Listings: 278
Active Listings: 162
Months of Inventory: 0.5
Information provided by The Texas Real Estate Center
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