Dallas Area Residential Sales Report for January – Allen, TX

Dallas Area Residential Sales Report for January – Allen, TX

Lots of competition for homes in Allen.

Sales of existing homes declined by 31% and pending sales dropped 20% as buyers had a hard time dur to low inventory. The average sales price increased 26% while the median sales price came in with a 31% rise compared to last January. New listings were no help to supply off by 22%. The number of active listing  were 22% lower. Months of inventory fell to 0.2 months. 6 months is considered a balanced market.

Sales: 59

Average Sales Price: $515,030

Median Sales Price: $497,000

Pending Sales: 78

New Listings: 74

Active Listings: 25

Months of Inventory: 0.2 months

Information provided by The Real Estate Center

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