Inventory is very low. It's definitely a Seller's Market.
Single-Family:
Sales were up by 9% in December as compared to a year ago. The average sales price declined by 5% but the median sales price increased by 2%. Really sale prices were just flat. The pending sales number took a big leap up 31%. The number of new listings rose 5% while the active listings increased by 17%. Unfortunately these increased only brought the months of inventory to 0.9 months. A balanced supply is normally considered to be 6 months so you can easily see how much the supply/demand is out of balance.
Sales: 170
Average Sales Price: $253,940
Median Sales Price: $230,000
Pending Sales: 123
New Listing: 96
Active Listings: 141
Months of Inventory. 0.9
If you live in the 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.
If you live in the 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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