Dallas Area Residential Sales Report for January – Allen TX

When you see these numbers you need to remember that they are a comparison to last January when sales were off due to high interest rates.

Home sales rose 30% while pending sales jumped 41%. February will certainly be a positive months. The average sales price increased 7%. Median sales price was up 14%. When you see the median increase much higher than the average it means that sales were concentrated in the upper price ranges. New listings were up 31% but with all the sales activity, active listings declined 10%. The months of inventory now stands at 2.1 months. 6 months is considered a balanced market.

Sales: 78

Average Sales Price: $381,562

Median Sales Price: 348,000

Pending Sales: 121

New Listings: 156

Active Listings: 242

Months of Inventory: 2.1

Information provided by The real Estate Center

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