Dallas Area Residential Sales Report for November -Allen TX

Dallas Area Residential Sales Report for November -Allen TX

Home sales took a 31% drop in November but not to worry because pending sales  rose 25%. The average sales price increased 4% and the median sales price climbed 7%. That means there were more sales in the higher ranges. New listings fell 18% and active listings declined 14% taking the months of inventory down to 2.3 months. It’s getting harder for buyers to find that dream home as supply shrinks.

Sales: 88

Average Sales Price: $385,549

Median Sales Price: $355,000

Pending Sales: 111

New Listings: 101

Active Listings: 262

Months of Inventory: 2.3 months

Information provided by The Real Estate Center

#AllenTX #AllenHomes

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