Dallas Area Residential Sales Report for May – Allen, TX

Dallas Area Residential Sales Report for May – Allen, TX

The COVID-19 virus effect on home sales showed up in the May numbers. Sales in the Allen Area fell 15%. That’s not as bad as some other Cities. Fortunate buyers were back in the market in May and pending sales rose 4%. The average sales price increased 2% while the median sales price fell 4%. The new listings came in down 15%. Active listings were off by 36%! The months of inventory declined to 2 months.  With 6 months considered a balances market you can readily see the market ti titled to the seller side.

Sales: 115

Average Sales Price: $396,878

Median Sales Price: $360,000

Pending Sales: 168

New Listings: 190

Active Listings: 228

Months of Inventory: 2

Information provided by The Real Estate Center

#RealEstateAllen #HomesForSaleAllen

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.