Dallas Area Residential Sales Report for January – Allen TX

Allen fell in line with most of her neighbors with home sales down 21%. Pending sales fell 16%. The average sales price increased 5% while the median sales price rose 4%. New listings climbed 19%. Active listings took a 102% jump as compared to last January when listings were very low.  Looking at the months of inventory which stands at 2.6 months one can see that we still have a shortage of properties on the market.

Sales: 63

Average Sales Price: $358,556

Median sales Price: $299,500

Pending Sales: 86

New Listings: 119

Active Listings: 232

Months of Inventory: 2.6

Information provided by The Real Estate Center

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