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.
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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