Dallas Area Residential Sales Report for April – Allen, TX

Got an increase in new listings but not enough to slow down sale price increases.

Closed sales fell by 28.8% compared to last year at this time. The median sales price increased 26.7%. The average sales price rose 23.3%. buyers paid on average 113.2% over the list price. New listings rose 10.8% and active listings fell 5.7% The number of homes under contract dropped 9%. The months of inventory increase tp 0.7%. That’s a long way form the 6 months that’s considered a balance market.

Closed Sales: 94

Under Contract: 101

Median Sales Price: $574,400

Average Sales Price: $642,102

Sales price to Original List: 113.2%

New Listings: 164

Active listings: 83

Months of Inventory: 0.7

Information provided by The Texas Real Estate Center