Carrollton/Farmers Branch Residential Sales Report for July

Single-Family:

Sales were up a strong 19% in the Carrollton-Farmers Branch area in July. The average sales price increases by 10% while the median sales price rose by 19%. Sales continue to be concentrated in the upper price ranges. The pending sales jumped by 36% so we can look forward to a good August report. The number of new listings increased by 9% buy the active listings fell by 11%. The months of inventory declined to 1.5 months.

Sales: 242
Average Sales Price: $262,868
Median Sales Price: $233,000
Pending Sales: 222
New Listings: 259
Active Listings: 237
Months of Inventory: 1.5

Leases:

The leasing market  increased by 22%. The average rent was up by 3% and the median rent increases by 4%. Pending leases were up sharply. The number of new listings rose 17% and the number of active listings was up by 13%. However, this month increased the months of inventory to 1.1 months. Not much to chose from.

Leases: 68
Average Rent: $1,712
Median Rent: $ 1,650
Pending Leases: 47
New Listings: 83
Active Listings: 54
Months of Inventory: 1.1

Information provided by The Real Estate Center at Texas A&M.