Allen TX Residential Sales Report for August

It’s still a Seller’s Market!

Sales in Allen were up 4% in August compared to last August. The average sales price climbed 8% while the median sales price rose 7%. There was a drop of 8% in the pending sales. not sure at this time what that will mean for Septembers sales number. The number of new listings increased 6% while the active listings shot up 40%. While more inventory is good for buyers, This only took the months of inventory to 2.5 months. Well short of the 6 months that is a balanced supply.

Sales: 170

Average Sales Price: $366,788

Median Sales Price: $338,000

Pending Sales: 129

New Listings: 172

Active Listings: 306

Months of Inventory: 2.5

Information provided by The Real Estate Center