Dallas Area Residential Sales Report for June – Allen, TX

Sales down. Listings up along with prices.

Sales fell 28.5% in June. Pending sales dropped 14.3%. The average sales price rose 26.6% while the median sales price jumped 27.7%. Buyers on average paid 106.8% above the original list price. New listings saw a small increase of 3.2% but with the drop off in  sales the active listing number rose 47.6%. While this may seen like a large increase in active listings, the months of inventory only climbed to 1.7 months. 6 months is considered a balanced market and we are a very long ways from that. Buyers still outnumber sellers by a lot!

Sales: 118

Pending Sales: 96

Average Sales Price: $640,000

Median Sales Price: $670,23

Ration of Sales Price to Original Sales Price: 106.8

New Listings: 193

Active Listings:186

Months of Inventory: 1.7 months

Information provided by The Texas Real Estate Center