Dallas Area Residential Sales Report for August – Allen, TX

Prices up on very low inventory.

Home sales were up 4% in August but pending sales fell 15%. Not a good sign for September sales. The average sales price rose25% while the median sales price increased 24%. New listings fell 6%. Active listings declined by 52% compared to last August. The months of inventory now stands at 0.5 months. That means that at current sales levels all the home on the market would be sold in 15 days. Not much for buyers to choose from.

Sales: 159

Average Sales Price: $519,056

Median Sales Price: $475,000

Pending Sales: 143

New Listings: 131

Active Listings: 64

Months of Inventory: 0.5 months

Information provided by The Texas Real Estate Center

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