Dallas Area Residential Sales Report for June – Carrollton/ Farmers Branch

Extremely low inventory

Sales were off by 2.7% in June compared to last June. Pending sales fell 15.7%. The median sales price rose 16.9% while the average sales price climbed 28.8%. Due to the low inventory buyers were paying on average 106.9% above the original list price. New listings did rise a healthy 15.4% and active listing increased by 21.6%. While these like substantial increases, they only moved the months of inventory to 1.4 months. 6 months is considered a balanced market.

Sales: 180

Pending Sales:102

Median Sales Price: $438,500

Average Sales Price: $514,562

Sales Price to Original List Price: 106.9%

New Listings: 255

Active Listings: 214

Months Of Inventory: 1.4 months

Information provided by The Texas Real Estate Center