Dallas Area Residential Sales Report for December – Allen, TX

Inventory is extremely low!

Sales were down 8% for December. Pending sales dropped 14%. The average sales price increased 25% compared to last December while the median sales price climbed 23%. Now the bad news if you are a buyer. New listings declined by31% and active listings fell 37%. The months of inventory is at 0.2 months. 6 months is considered a balanced market.

Sales: 111

Average Sales Price: $520,642

Median Sales Price: $460,000

Pending Sales: 66

New Listings: 51

Active Listings: 26

Months of Inventory: 0.2 months

Information provided by The Real Estate Center

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