Dallas Area Residential Sales Report for October – Allen, TX

New lastings comtinue to fall.

Sales fell34.6% compared to last October. Pending sales were down 45.5%. The median slales price rose 12.8% while the average sales price increased 13%. New listings were off by 14.7%. Active listings rose 112.9%. Montsh of inventory now stands at 1.8 months. 6 months is considered a balanced market and we are a long ways from that.

Sales: 70

Pending Sales: 48

Median Sales Price: $496,500

Average Sales Price: $540,262

Ratio of Sales Prcie to Original List: 97.6%

New Listings: 93

Active Listings: 181

Days on Market: 32

Months of Inventory: 1.8