Allen TX Residential Sales Report for March

Allen TX Residential Sales Report for March

Sales in Allen fell 4% in March as compared to the same time last year. The average sales price rose 20% while the median sales price increased 13%. Pending sales declined by 15%. At this point I can only assume that as in other areas buyers are have a difficult time finding a home to buy due to the low inventory. The number of new listings rose 28% and this increased the active listings by 9%. The months of inventory now stands at 1.5 months. It’s well short of the 6 months that is normally considered a balanced market.

Sales: 107

Average Sales Price: $434,179

Median Sales Price: $362,500

Pending Sales: 119

New Listings: 187

Active Listings: 196

Months of Inventory: 1.5

Information provided by The Real Estate Center

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s