Dallas Area Residential Sales Report for March – Allen

Short supply and too many buyers continue to drive prices higher

Home sales fell 25% compared to last March. Homes under contract declined by 9.2%. Average sales price increased by 40.3% while the median sales price climbed 33.2%.  Buyers paid an average of 110.1% above the list price. New listings fell 28.9%. Active listings dropped 55.2% taking the months of inventory  down to 0.3 months.

Sales: 96

Average Sales Price: $637,154

Median Sales Price: 550,000

Under contract: 89

New Listings: 113

Active Listings: 43

Months of Inventory: 0.3 months

Information provided by The Texas Real Estate Center