Dallas Area Residential Sales Report for May – Allen, TX

Large price increases in May

Home Sales were up a strong 34% in May compared to last May. Pending sales came in with a 2% rise. The real story is the large price increases. The average sales price rose 31% while the median sales price climbed 34%. The number of new listings fell 6% and the active listings declined by 73%. The months of inventory now stands at 0.5 months. There is really not much out there for a buyer to chose from.

Sales: 149

Average Sales Price: $507,283

Median Sales Price: $477,000

Pending Sales: 171

New Listings: 178

Active listings: 62

Months of Inventory: 0.5

Information provided by the Texas Real Estate Center

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