Dallas Area Residential Sales Report for November - Carrollton/Farmers Branch
The Carrollton, Farmers Branch area experienced a 15% drop in sales as compared to last November. Pending sales were not nearly as bad only off 1%. The average sales price declined 3% while the median sales price rose 7%. That's causes by the distribution of sales skewed to the upper price ranges. The number of new listings increased 37% while the active appeared to go nuts jumping 89%. Remember this is a comparison to last November when listings were very, very low. Looking at the months of inventory which now stands at 2 months we can see that homes to purchase are still in short supply.
Sales: 129
Average Sales Price: $305,482
Median Sales Price: $286,500
Pending Sales: 144
New Listings: 174
Active Listings: 287
Months of Inventory: 2
Information provided by the Real Estate Center
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