Dallas Area Residential Sales Report for January - Carrollton/Farmers Branch
Sales showed a strong gain of 17% in January as compared to last January. The average sales price was down 1% and the median sales price was also off by 1%. We have been seeing some moderation in prices. Pending sales dropped 16%. This is a little troubling. Pending sales are an advanced look at the closed sales to come. The number of new listings declined 16%. Active listing retreated 9%. This declines caused the months of inventory to fall to 0.8 months. This is terrible if you are a buyer and goes a long way to explaining the decline in the pending sales number. buyers just can't find anything to purchase.
Sales: 104
Average Sales Price: $288,366
Median Sales Price: $260,000
Pending Sales: 127
New Listings: 125
Active Listings: 124
Months of Inventory: 0.8
Information provided by The Real Estate Center
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