Allen TX Residential Sales Report for October

Sales remain good!

Sales in Allen for October were up 20% as compared to last October. The average sales price declined 6% while the median sales price fell 5%. These price declines look like they were concentrated in the new build sector as builders tried to move some inventory. Pending sales were up a strong 16% so we can anticipated a positive sales number for November. The number of new listings rose 13% and the active listings climbed 12%. The months of inventory now stands at 2.1 months. This is well short of the 6 months considered a balanced market. Not really very helpful if you are a buyer.

Sales: 131

Average Sales Price: $337,017

Median Sales Price: $294,500

Pending Sales: 129

New Listings: 139

Active Listings: 258

Months of Inventory: 2.1

Information provided by The Real Estate Center