Dallas Area Residential Sales Report for June - Carrollton/Farmers Branch
Carrollton and Farmers Branch followed the trend of most of the northern Dallas suburbs in June. Sales fell 12% and pending sales were off by 11%. The pending sales number is not a good sign for July sales. The average sales price declined 1% but the median sales price rose 2%.
The number of new listings increased 6%. The active listings jumped 54%. This number is a little deceiving because it's a comparison to the active listings in June of 2017 and last July saw an extremely low inventory. The months of inventory did increase to 2 months. with 6 months considered a balanced market, you can see even with the slow down in sales and the increase in active listings, we are still very heavy tilted to the seller side.
Sales: 183
Average Sales Price: $320,364
Median Sales Price: $295,000
Pending Sales: 179
New Listings: 253
Active Listings: 292
Months of Inventory: 2
Information Provided by the Real Estate Center
#mariesellsdallas #Carrollton #FarmersBranch #realestate #homesforsale
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