Dallas Area Residential Sales Report for November – Carrollton/Farmers Branch
Prices continue to rise. Inventory continues to fall.
Home sales rose 6% in November as compared to last November. Pending sales fell 7%. Sales prices continue to climb with the average sales price up 20% and the median sales price rising 17%. New listings were only off by 2% but active listings declined 49% taking the months of inventory down to 0.4 months. We are a long way for a balanced market of 6 months supply.
Average Sales Price: $426,635
Median Sales Price: $383,500
Pending Sales: 150
New Listings: 130
Active Listings: 57
Months Of Inventory: 0.4 months
Information provided by The Texas Real Estate Center
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