Sales Were Off But Pending Sales Were Up. It's a Seller's Market
Single-Family:
Sales fell by 20% in November as compared to a year ago but pending sales took a 22% jump up. We have see this same thing in other areas this month. Just some gyration in the market. The average sales price rose 10% while the median sales price climbed 12%, As in all of North Texas sales continue to be concentrated in the higher price ranges. New listings were up by 10% and this pulled the active listings up a healthy 22%. The months of inventory increased to 1.4 months. This is a long way from what is considered a balanced supply of 6 months.
Sales: 102
Average Sales Price: $261,385
Median Sales Price: $224,750
Pending Sales: 134
New Listings: 139
Active Listings: 176
Months of Inventory: 1.4
If you live in Carrollton/Farmers Branch area and would like a personalized Comparative Market Analysis (CMA) on your home delivered to your email in just a few minutes, then click the link below to take advantage of this offer.
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