Single-Family:

Sales in Allen bucked the trend and were up by 8% in July. The average sales price rose 4% while the median sales price increased by 8%. Sales continue to be concentrated in the upper price ranges. Pending sales were up a slight 1%. The number of new listings fell 19% while the active listings declined 7%. These declines caused the months of inventory to fall to 1.9 months. It’s even more a Seller’s Market in Allen.

Sales: 169

Average Sales Price: $356,607

Median Sales Price: $322,500

Pending Sales: 118

New Listings: 178

Active Listings: 242

Months of Inventory: 1.9

Information provided by The Real Estate Center at Texas A&M