Carrollton/Farmers Branch Residential Report for April

Sales were up sharply in April. A 22% jump as compared to last April. The average sales price rose 9% as did the median sales price. With a 12% increase in the pending sales number, we can look forward to Mays sales being positive. The number of new listings increased 22% while the active listings increases 8%. This caused an increase in the months of inventory to 1 months. With 6 months being a balanced market you can readily see how tilted we are to the sellers side. It does not look that this situation is going to change anytime soon.

Sales: 198

Average Sales Price: $308,574

Median Sales Price: $276,750

Pending Sales: 199

New Listings: 230

Active Listings: 159

Months of Inventory: 1

Information provided by the Real Estate Center