Sales were up. Pending sales took a big jump!

Single-Family:

Sales were up 12% as compared to this time last year. The average sales price rose 17% and the median sales price climbed 16%. The vast majority of the sale continue to be concentrated in the upper price ranges. As I write this report there are exactly 3 homes for sale in Allen under $200,000.

Pending sales jumped 28% so we can anticipate that May will be a good month. The number of new listings increased by 22% but most of them went under contract quickly. The active listings only increases by 2%. The months of inventory now stands at 1.7 months.

Sales: 127

Average Sales Price: $378,040

Median Sales Price: $319,250

Pending Sales: 160

New Listings: 219

Active Listings: 208

Months of Inventory: 1.7