Dallas Area Residential Sales Report for December – Wylie, TX
Sales down but prices up!
Home sales fell 22% as compared to last December. Pending sales declined 22% as buyers are having a hard time finding that dream home. The average sales price was 23% than last year while the median sales price increased15%. New listings dropped 7% and with the buying that has occurred active listings came in50% down. The months of inventory now stands at 0.5 months. 6 months is considered a balanced market and we are a long way from that number.
Average Sales Price: $437,164
Median Sales Price: $406,000
Pending Sales: 69
New Listings: 56
Active Listings: 45
Months of Inventory: 0.5 months
Information provided by The Texas Real Estate Center
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