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
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