Dallas Area Residential Sales Report for March – Allen, TX
Prices up. Inventory down!
Sales fell 8% but pending sales rose 28%. The average sales price saw a 12% rise while the median sales price climbed 16%. Buyers were snapping up higher priced prosperities. While we did see a 3% increase in the number of new listings, this did not help. With all the sales that occurred, the number of active listings declined by 88% taking the months of inventory down to 0.2 months.
Average Sales Price: $452,786
Median Sales Price: 420,000
Pending Sales: 143
New Listings: 152
Active Listings: 26
Months of Inventory: 0.2 months
Information provided by The Real Estate Center