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.
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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