Dallas Area Residential Sales Report for August - Carrollton/Farmers Branch TX
Sales in the Carrollton, Farmers Branch area were better than a number of the other areas in August. Only down 1%. Pending sales were a little worse off by 6%. The average sales price increased 6% while the median sales price rose 10%. Sales were concentrated in the upper price ranges. New listings dropped 4%. The active listings jumped 41% as compared to last August. One must remember that listings were extremely low last year and that this number does not reflect a large jump in the number of listings. The months of inventory now stands at 1.9 months which is a very low number and this area remains very much tilted to the seller side.
Sales: 183
Average Sales Price: $331,583
Median Sales Price: $300,000
Pending Sales: 161
New Listings: 202
Active Listings: 287
Months of Inventory: 1.9
Information provided by The Real Estate Center
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