Dallas Area Residential Sales Report for February – Allen, TX
Supply very low!
Existing Homes sales rose 24% in February. Pending sales declined 5%. The average sales price jumped a whopping 43% and the median sales price increased 47% as buyers bid up prices due to extremely low inventory. New listings declined 30%. Active listings dropped 85%. The months of inventory now stands at 0.1 month. I have never seen a number this low.
Average Sales Price: $596,507
Median Sales Price: $550.000
Pending Sales: 80
New Listings: 84
Active Listings: 15
Months of Inventory: 0.1 months
Information provided by The Texas Real Estate Center