Dallas Area Residential Sales Report for Feburary – Carrollton/ Farmers Branch
Carrollton/ Farmers Branch has the lowest supply in the area.
Home sales fell 5% in January. Pending sales dropped 22% Not a positive sign for February sales. As in other areas prices are being pushed up by stiff competition form buyers. The average sales price rose 24% as did the median sales price. New listing declined 25%. Active listings were of by 53%. Th months of inventory now stands at 0.2 months.
Average Sales Price: $443,841
Median Sales Price: $396,000
Pending Sales: 123
New Listings: 110
Active Listings: 5
Months of Inventory: 0.2 months
Information provided by The Texas Real Estate Center