Sales really took a drop in Wylie for July. Off 21%! The average sales price was up by 14% as was the median sales price. Pending sales only declined 13% but that still means that August sales will not be positive. The number of new listing fell 7% while the active listings declined 21%. The months of inventory dropped to 1.5 months. The shortage of inventory is causing the decline in sales as buyers just can not find a property to purchase.
Sales: 105
Average Sales Price: $291,840
Median Sales Price: $270,000
Pending Sales: 118
New Listings: 167
Active Listings: 156
Months of Inventory: 1.5
Information provided by The Real Estate Center at Texas A&M
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