Dallas Area Residential Sales Report for February – Allen TX

Sales in Allen for February were off by 8%. The average sales price rose 11% while the median sales price climbed 19%. Pending sales were were off slightly. Down 2%. The number of new listings declined 4%. the active listings dropped 2% and took the months of inventory down to 1.2 months. 6 months is considered a balanced market. We have very tilted to the sellers side in Allen.

Sales: 85

Average Sales Price: $393,064

Median Sales Price: $374,300

Pending Sales: 88

New Listings: 108

Active Listings: 145

Months of Inventory: 1.2

Information provided by The Real Estate Center

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