Dallas Area Residential Sales Report for November – Allen, TX

This report in a month over month comparison which I hope gives you a better since of what is going on in the current market than the year over year numbers you see in most reports.

November sales were 32.4% lower than October’s. Pending sales dropper 31.8%. The average median price rose 5.7% while the average sales price  increased 3.7%.It look like these increases are due to several sales in the upper price ranges. The ratio of sales price to original list price declined  slightly to 96.7%. New listings remained weak with a 24.7% decline. Active listings jumped up  87% due to slowing number of sales. Days on the market were flat. Months of inventory had a very small decline of 0.1 months.

Sales: 48

Pending Sales: 58

Median Sales Price: $525,000

Average Sales Price: $562,102

Ratio of Sales Price to Original List Price: 96.7%

New Listings: 70

Active Listings: 159

Days on Market: 33

Months of Inventory: 1.7

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