Sales took a large jump. Listings increased. It's a Seller's market.
Single-Family:
Sales shot up 24% in October as compared to a year ago. The average sales price was flat but the median sales price increased by 3%. Pending sales jumped 33% so we can anticipate a good November. The number of new listings increased by 12% and the active listings by 11%. these increases only causes a slight increase in the months of inventory to 2.3 months. 6 months is considered a balanced supply.
Sales: 77
Average Sales Price: $329,732
Median Sales Price: $325,000
Pending Sales: 76
New Listings: 83
Active listings: 147
Months of Inventory: 2.3
Information provided by The Real Estate Center at Texas A&M
A blog about residential real estate in the Dallas area including Far North Dallas, Richardson, , Plano, Allen, McKinney, Frisco, Prosper, Celina Carrollton-Farmers Branch, Garland, and Wylie.
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