Sales were off
Single-Family:
For the second month in a row sales were down in the Carrollton Farmers Branch area. This time sales fell 9%. The average Sales price increased by 2% while the median sales price rose 7%. There was a very nice increase of 15% in the pending sales number so we can anticipate September's sales to break the string and be up. The number of new listings was flat as was the active listings. The months of inventory now stands at 1.5 month. With 6 months considered a balanced supply, it's very easy to see that it's very hard to find a home to purchase in this area.
Sales: 192
Average Sales Price: $275,581
Median Sales Price: $250,000
Pending Sales: 217
New Listings: 212
Active Listings: 225
Months of Inventory: 1.5
Information provided by The Real Estate Center at Texas A&M
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