Carrollton/Farmers Branch Residential Sales Report for September

Sales were up slightly in September while leasing activity declined.

Single Family:

Sales were up by 2% in the Carrollton/Farmers Branch area. The average sales price rose 12% as compared to a year ago while the median sales price increased by 10%. Pending sales were up a solid 9%. New listings saw a 2% increase but the number of active listings declined 17%. The months of inventory now stands at 1.1 months making it very difficult for buyers to find a home in this area.

Sales: 183
Average Sales Price: $253,176
Median Sales Price: $219,980
Pending Sales: 179
New Listings: 175
Active Listings: 185
Months of Inventory: 1.1

Leases:

Leasing activity declined by 16% in September. The average rent rose 5% and the median rent by 3%. Pending Leases fell 6%. The number of new listings dropped 6% and the active listings climbed by 17%. The months of inventory is now at 1.4 months. This is nowhere near a normal supply.

Leases: 43
Average Rent: $1,731
Median Rent: $1,650
Pending Leases: 32
New Listings: 67
Active Listings: 69
Months of Inventory: 1.4

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