Dallas Area Residential Sales Report for December – Allen,TX

Inventory continues to decline as prices rise.

Single family home sales rose 42% in December compared to November. Pending sales however fell 36%. The median sales price increased 1% and the average sales priced came in up  6%. Buyers paid 95.2% over original list price. New listings fell 32%.Active listings declined by 14.5%. Proprieties stayed on the market 32% longer. Months of inventory decreased 23%.

Sales 72

Pending Sales: 35

Medina Sales Price: $540,500

Pending Sales Price: $599,629

Ratio of sales price to Original list: 95.2%

New Listings: 49

Active Listings: 136

Days on Market: 45

Months of Inventory: 1.5

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