Dallas Area Residential Sales Report for February – Allen, TX

Dallas Area Residential Sales Report for February – Allen, TX

Sales fall sharply due to inventory

A combination of bad weather and extremely low inventory took a toll on sales in the Allen area in February. Sales fell 40% and pending sales declined 33%. The average Sales Price rose 9% and the median sales price was also up 9%. New listings came in with a 38% decline. Active listings dropped by 85% as compared to last February. The months of inventory is now at 0.3 months.  Multiple offers and over listings price are now the norm.

Sales: 65

Average Sales Price: $420,701

Median Sales Price: 375,500

Pending Sales: 84

New Listings: 85

Active Listings: 33

Months of Inventory: 0.3

Information provided by The Real Estate Center

 

#mariesellsdallas #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.