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.
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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