Sales were up sharply!

Single-Family:

Sales jumped up 23% in august as compared to a year ago. The average sales price declined 1% while the median sales price rose 5%. A little gyration in the makeup of the sales. Pending sales eked out a 1% increase. The number of new listings increased by 3% and the active listings were up by 2%. The months of inventory now stands at 1.7 months. Not a great supply. Allen is very much tilted to the Seller side.

Sales: 179

Average Sales Price: $341,199

Median Sales Price: $316,500

Pending Sales: 140

New Listings: 163

Active Listings: 219

Months of Inventory: 1.7

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