Inventory at critically low levels!

Dallas Area Residential Sales Report for January – Allen, TX Home sales were up 13%

Home sales were up 13% in January as compared to last year. Pending sales are telling a different story down 19% as inventory reach an all time low and buyers just can’t find a home to purchase. New listings dropped by 39% and active listings fell 90% taking the months of inventory to 0.2 months.The average sales price rose 9% and the median sales price increased by 10%.

Sales: 88

Average Sales Price: $412,730

Median Sales Price: $382,000

Pending Sales: 98

New Listings: 95

Active Listings: 25

Months of Inventory: 0.2

Information provided by The Real Estate Center

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