Dallas Area Residential Sales Report for February – Allen TX

Buyers were out in force in Allen during February. Home sales rose 16% as compared to last February. Pending sales were even better up 24%. Look like a good March! The average sales price declined 5% while the median sales price dropped 15%. New listings rose 29% and the active listings shot up 90%. You do have to remember that last year at this time the number of active listings were very low. The months of inventory is still tilted to the seller side with 2.7 months supply.

Sales: 93

Average Sales Price: $369.623

Median Sales Price: $325,000

Pending Sales: 109

New Listings:  139

Active Listings: 275

Months of Inventory: 2.7

Information provided by The Real Estate Center

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