Sales were booming!
Dallas Area Residential Sales Report for October – Allen, TX
Single Family home sales jumped 36$ in October compared to last year. The pending sales number came in with a 42% rise! Average sales price climbed 23% while the median sales price increased 18%. This increases in part were caused by buyers moving up in the price points. Now the bad news if you are a buyer. New listings were flat and the active listings fell 73% taking the months of inventory down to 0.7 months. It’s just very hard for buyers in this market.
Average Sales Price: $437,710
Median Sales Price: $385,000
Pending Sales: 148
New Listings: 134
Active Listings: 85
Months of Inventory: 0.7 months
Information provided by The Real Estate Center
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