Allen TX Residential Sales Report for May

Allen TX Residential Sales Report for May

Sales were off

There were a couple of areas that had a sales decline in May and Allen was one of them. Sells declined 8%. The average sales price continued it’s march upwards with a 4% increase and the median sales price joined the increase up 11%. The pending sales number dropped 13%. For now, this just looks like some monthly gyration in the numbers. New listings climbed 9%, The number of active listings jumped 11%. While increased inventory is certainly good news for buyers, The months of inventory only rose to 1.9 months. not even close to the 6 months considered a balanced market.

Sales: 151

Average Sales Price: $375,361

Median Sales Price: $346,500

Pending Sales: 151

New Listings: 204

Active Listings: 243

Months of Inventory: 1.9

Information provided by The Real Estate Center

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