Allen TX Residential Sales Report for July

Sales were off

Sales fell 11% in the Allen area in July as compared to last July. Pending sales were up 7% so this just looks like some aberration in the market. The average sales price rose 10% while the median sales price was up by 3%. The number of new listings increased 15% and the active listings rose 31%. While this increase is great for buyers, the months of inventory only increased to 2.6 months. With 6 months considered a balanced market the Allen market is still very tilted to the sellers side.

Sales:138

Average Sales Price: $392,612

Median Sales Price: $335,000

Pending Sales: 158

New Listings: 205

Active Listings: 318

Months of Inventory: 2.6

Information provided by The Real Estate Center