Allen TX Residential Sales Report for June

Sales slowed in Allen

Not sure what happened in Allen in June but sales fell 12% and pending sales were even worse dropping 24%. Unless there are a lot of sales in July we sill see 2 months of down sales numbers and that has not happened in a very long time. The average sales price rose 6% as did the median sales price. The number of new listings dropped 3% but with the drop off in sales, the active listings increased 34%. while this is good news for buyers, the months of inventory is still hard over into the sellers side with only a 2.4 month supply.

Sales: 151

Average Sales Price: $388,698

Median Sales Price: $347,600

Pending Sales: 139

New Listings: 214

Active Listings: 294

Months of Inventory: 2.4

Information provided by The Real Estate Center